gbpaud

The week has started off bearish, this shouldn't be a surprise as bullish price action has been over extended, so a bearish reversal was due at some point. The 8MA and 18 MA are still proving to be solid supports on the daily time frame, suggesting the overall bias remains bullish. However...

GBP is still weak, AUD getting stronger, the currencí pair is still in a decending way, thats why I think it can be an interesting and very profitable trade today. actual price 2.0060 I would stop at 2.0200 and set the target at 1.9300