Friday, February 28, 2014

GBPAUD Nearing Key 1.8780/85 Level, Break above Targets ~1.9085

GBPAUD has resumed the trend higher earlier today after it took out last week's high around 1.8655. Currently, it is approaching the key 1.8780/85 level, which sees the convergence of the 61.8% retracement (1/24-2/12 decline) & key lows from the end of January, and should this give way it could



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