Cabot101Management

Remember This Quick Mover !!!!!!!!!!

FX:GBPAUD   British Pound / Australian Dollar
5
So with all the GBP spikes over the last few days, caused by various events, MAY's snap election being the catalyst,
The GBP has seen the bulls coming in, however they will also be profit taking soon and trimming positions , this is stalling at the 0.618 fib line and if GBP data due out @ 09:30 misses this has the potential to catch some pips while it takes relief on the way down .

Keep a watchful eye today
Comment:
still stalling @ the 0.618 fib line will keep you posted .....
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