Long GBP/USD and Short AUD/USD Still My Play
Risk for GBPUSD longs should be moved up to 1.5090 (bias is bullish above 1.4830 though). If 1.5090 fails to hold, then 1.5045 and 1.4994 are estimated supports. Pay attention to the London open if trading GBPUSD.
I'm short AUDUSD with a stop on daily close above 1.0500, target 1.0310. RBA is a market mover tonight.
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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Jamie is the author of Sentiment in the Forex Market.
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