Trade Idea : Buy GbpAud. 26/09/17

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Buy GbpAud @ 1.6900

SL @ 1.6800

TP @ 1.7200

This order is only good for entry purposes until 5.00 pm NY time today

Trade Description: The longer term charts for Sterling generally look quite positive altohugh any negative Brexit news may impact on this. In the meantime,  although the cross has already come a long way, I like Sterling higher, so buying dips in the cross seems to be the plan, but with a relatively tight SL.

I am currently looking for a move to the descending trend resistance at 1.7200 although if this breaks then we could be headed towards 1.75, as per the weekly chart below.

This information is a personal view only, this being a trade being undertaken by FX Charts. It is not an inducement or recommendation to trade although you may do so if you agree with the parameters of this idea.. Refer to our disclaimer here.

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