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Gbpaudbuy

GBPAUD SHORT BUY OPPORTUNITYTechnical Analysis On the 4HR to the downside we experienced a shallow retracement and price appears to have stalled at the 1.27 and 1.18 level. Anticipating potential retracement to 1.888X to 1.894X area before a potential continuation to the downside. Fundamental Analysis Australian Dollar has weakened as a result of Russia invading Ukraine. Australian wages grew less than anticpated, coming in at 2.3% rather than 3%. There is uncertainty as to the direction of the monetary policy. The RBA's minutes were released from the last meeting and the Board wasn't yet convinced that the acceleration in inflation would be sustained and wanted to see wages respond before lifting rates.
Long
by justagirllearningtotrade
GBPAUD AnalysisHello Traders, Hope you are having an amazing week ! I am short biased on GBPAUD for the rest of the week, we are breaking impulsively and i expect further continuation to the downside. I have already taken a position earlier in asian session, hope to see a bit more correction so i can scale in another position. Wishing you a profitable week ahead! Disclaimer: this is not financial advice, charts we share should only be used for educational purposes ETGL Team 💛
Short
by Eleventgl