GBP/AUD: Breakout Opportunity

 | Jan 17, 2019 08:42AM ET

Bullish GBP/AUD: Currently we are at 1.5012 trying to break out of a big range and reacting at the resistance. If we can break the resistance, we are looking for a continuation initially to the 1.8100 and then a move to the 1.618 Fibonacci at 1.8176. The average daily true range (ATR) for the pair currently is 175 pips.