kiwiwalnut
Short

GBPAUD Inverted Head and Shoulder

FX:GBPAUD   British Pound / Australian Dollar
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4
Look out for possible inverted H&S for correction and upward moves.

Fundamentals support such a scenario and will update after work :P

Comments

RBA announcement tomorrow. market expectation of rates on hold - may see a gentle touch at indicated area if rates are put on hold. RBA new governor likely to stay put with a wait and see rhetoric from the Fed with Sept rate increase.
Seeing some revival of "brexit" fears and talk from the G20 so likely to see one more move down. Looks like May's game plan is to line up as many ducks for trade agreements before triggering Article 50 to minimise damage to GBP and economic outlook. Pure expectation and outlook management as UK data looks half decent
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