Note: GBP/AUD follows our prediction last week. We remain bullish on this pair.
There are 3 trading plans for this pair: 1. Wait for the potential breakout trade. When the price breaks the immediate resistance line, wait for weak pullback and bullish signal to long
2. A strong bullish signal bounce from the 20-EMA line, a good signal to long now. Can long now with little risk involved.
3. If the price correction to 1.69x level again, we can accumulate our buy as well.