Friday, 4 January 2008

GBP/AUD VIEW

Update 17.00 gmt: All trades closed as it is Friday. Enjoy your Weekend

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It's freaky Friday but GBP/AUD looks like it's heading in one way. It has:
1 A gap to fill
2. It's trading above the daily pivot
3. It's broken a psyhcological level and a reactionary high
4. It's with my bias
5. Fundies also positive

...there are so many reasons to be long...of course that can all change!......so i'm in long @ the break of the 50 EMA.

SL:100 pips from entry
TP1: D_R2 [REACHED] - ALL TRADES CLOSED HERE
Tp2: 200 EMA/W_pivot

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Look out for my weekly analysis on GBP/AUD on Monday 00.00 GMT

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