GBPAUD Trading Analysis By Forexmaster 18th June 2020

GBP/AUD Technical Anlaysis


Trading recommendation-

Long at 1.8240

Target at 1.8400

Stop loss 1.8100 

A candle close below the ascending trendline invalidates the forecast.


The GBP/AUD witnessed some selling during the Asian session on Thursday following the release of weaker-than-expected Australian monthly employment details.

According to the report, the economy shed 227.7K jobs in May as compared to a decline of 125K anticipated. Meanwhile, the unemployment rate jumped April's 6.2% to 7.1% during the reported month.


Key Note is The Bank of England’s Interest Rate Decision today 



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