Watching this area of demand that GBPAUD is trading at the moment. GBP has been gaining strength while AUD has been weaker. RS reading: GBP 3, AUD = 1. Personally, I'd like to see GBPAUD rally out of the area as a form of confirmation before entering long. Also FX closes today, best to wait till the open for less risk
Check out my relative strength analysis I post everyday on twitter @WhosTrend
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