Gbpaudsell
GBPAUD - SHORT; This is headed down ...... what is basically "forever". Make this SHORT your 401k. (Right alongside the GBPJPY Short.)
The simple fact remains that while the BoE is running a 120% debt load vs. it's GDP, the RBA hasn't even hit 50%, yet, and so it can basically keep borrowing til the end of time.
Here is the Weekly;
... and the Daily;
GBP/AUD SELLIn the higher time frame I can see that the GBP/AUD broke the upward trend line (Blue trend line) that it followed since the beginning of the year. Indicating a trend line break out.
The price retested on the trend line and began to sell, which is an indication that a trend line break out took place.
I expect the GBP/AUD to sell, starting a new downtrend until it reaches the next key support area(TP), following the grey path line drawn .