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Pips

Sterling strength looking likely...Pound has picked up some strength off the back of the GDP growth rate this morning. Referring back the the current state of the USD on a fundamental level, it provides a nice confluence to look for long opportunities on the weekly, daily and 4-hour timeframes on GBP/USD. The 1.3700 handle just over 100 pips north of the current market price could provide a nice landing spot for the pair with some great risk:reward spots lining up. Overall we can see this bullish mood continuing into the next trading week.
Long
by FTUKcom
GBPAUD UPDATE - RUNNING 240+ PIPS 🤯🤯 Hi Traders Please see the above chart of Gbp/Aud. We have taken an entry on this already at that start of the week which is currently running over 240+ pips and there is still some left to get in! We will be monitoring price for a pullback into either an EMA or the trend aswell as looking out for things such as a bearish flag etc. # Plenty more downside momentum left for us to get another position. I will link the previous analysis below. As always trade safely and with good risk management. The Fx Chartist
Short
by TheFxChartist_
GBP/AUD, New highs coming into end of January...Hello Traders, We hope everyone has had a good start to 2022, and lets continue as we mean to go on. GBP/AUD is now probing the 1.9000 handle with a possible continue higher into fresh highs for the year. 1.9500 is the overall upside target for the next coming months, but as we break the recent HH printed around 1.8920 we can expected some volatile action. Looking at the moving averages on the daily, it is possible that we may revisit them as we continue higher, but no significant downside ideas are lining up as yet. Keep an eye on the pound news coming in on Friday which will have a strong impact on the morning.
Long
by FTUKcom
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