Rationale :
1. AUD - RBA cuts its inflation projection, slow growth concerns, on hold from changing interest rates but refuse to play the hawkish game. Dovish RBA, bearish AUD
2. GBP - Strong data on trade and industrial output helped Sterling to be supported on Friday. Political risks (Brexit) eased last week which also helps. USD bearishness (tax reform uncertaintly) also helps.. yes ive typed helps three times already. i need help. GBP Bullish
1. AUD - RBA cuts its inflation projection, slow growth concerns, on hold from changing interest rates but refuse to play the hawkish game. Dovish RBA, bearish AUD
2. GBP - Strong data on trade and industrial output helped Sterling to be supported on Friday. Political risks (Brexit) eased last week which also helps. USD bearishness (tax reform uncertaintly) also helps.. yes ive typed helps three times already. i need help. GBP Bullish
Note
Price goes down several pips than I anticipated. its on 61.8% retracement level now 1.71367. No fundamental reasons to suggest the current narrative (Bullish sterling) has shifted for now, so this plan still valid. give it few more hoursNote
UK PM May story. Potential sentiment shift from bullish Sterling to Bearish Sterling
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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.