The currency pair has shown retaracement from higher level, the pair has retraced 0.50% of the upside move, at this level the pair has been moving in a range. We would recommend to wait and take a trade accordingly.

The pair closing below 0.50% we be an opportunity to sell the pair. The pair is trading below the EMA which in itself is a trading signal. Pair closing below the mention level can confirm the sell of coming in the pair.

To go long the pair has to close above 0.382%. Pair closing above this level can be an opportunity to enter long.

The RSI is flatten, the move in RSI according to price can be crucial, a divergence can be a warning to not enter.

GBP/AUD

Jan 24 2022