REASONS:
GBP: STRENGTHENING AGAINST AUD, NO DEAL BREXIT NOT EXPECTED BY MARKET
AUD: RBA INTEREST RATE HIKES PUSHED BACK FURTHER TO MID-2020
AUD: PRESSURED BY FALLING STOCKS AS IT IS A RISK CURRENCY
TECHNICALS:
INVERSE HEAD AND SHOULDERS
AT RESISTANCE, ABOUT TO BREAKTHROUGH TO UPSIDE POTENTIALLY
RISKS TO THE TRADE;
US-CHINA TENSIONS EASE AND A DEAL MADE
STOCK MARKET RECOVERY
GBP: MEANINGFUL VOTE IN PARLIAMENT RE BREXIT DEAL IS VOTED DOWN
GBP: STRENGTHENING AGAINST AUD, NO DEAL BREXIT NOT EXPECTED BY MARKET
AUD: RBA INTEREST RATE HIKES PUSHED BACK FURTHER TO MID-2020
AUD: PRESSURED BY FALLING STOCKS AS IT IS A RISK CURRENCY
TECHNICALS:
INVERSE HEAD AND SHOULDERS
AT RESISTANCE, ABOUT TO BREAKTHROUGH TO UPSIDE POTENTIALLY
RISKS TO THE TRADE;
US-CHINA TENSIONS EASE AND A DEAL MADE
STOCK MARKET RECOVERY
GBP: MEANINGFUL VOTE IN PARLIAMENT RE BREXIT DEAL IS VOTED DOWN
Note
TARGET HIT 3 JAN 10PMTrade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.