GBP/AUD Technical Anlaysis
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