GBPAUD – Catching the Lift from the Launchpad 🚀
Markets don’t move in straight lines — they coil, pull back, and then explode. GBPAUD looks ready to do just that. It’s pulling into a demand zone, flashing oversold signals, and now showing early signs of upward momentum. This may be the moment just before the next leg up.
📈 I’m bullish on GBPAUD — buying at support with price action confirmation.
Key drivers behind this setup:
GBPAUD in a strong uptrend ✅
Demand level + technical support zone 📍
Momentum shifting upward after retracement 🔄
AUD weakness expected due to RBA easing 📉
UK fundamentals holding firm despite mixed sentiment
The UK economy remains steady — Q1 growth hit 0.7%, driven by business investment. While May saw a small GDP dip, the bigger picture shows resilience. The BoE is likely to cut by 25bps on August 7, but the easing path is gradual. GBP sentiment is mixed, with positioning cooling off, but technicals still favor long setups like GBPAUD over time.
Australia’s situation looks softer. Inflation is moderating (2.18%), consumer spending is weak, and the Reserve Bank of Australia is widely expected to cut rates on August 12. Despite a recent trade surplus, the AUD dropped 1.4% last week as expectations shifted toward easing. Speculators are still net short on AUD, and if the RBA delivers another dovish message, the Aussie could slide further.
Technically and fundamentally, GBPAUD looks like it’s bottoming at a buyable level. This is a textbook “buy-the-dip” scenario with both sentiment and price structure aligning.
Are you long this one too? Or fading the strength? Let’s talk trades.
Markets don’t move in straight lines — they coil, pull back, and then explode. GBPAUD looks ready to do just that. It’s pulling into a demand zone, flashing oversold signals, and now showing early signs of upward momentum. This may be the moment just before the next leg up.
📈 I’m bullish on GBPAUD — buying at support with price action confirmation.
Key drivers behind this setup:
GBPAUD in a strong uptrend ✅
Demand level + technical support zone 📍
Momentum shifting upward after retracement 🔄
AUD weakness expected due to RBA easing 📉
UK fundamentals holding firm despite mixed sentiment
The UK economy remains steady — Q1 growth hit 0.7%, driven by business investment. While May saw a small GDP dip, the bigger picture shows resilience. The BoE is likely to cut by 25bps on August 7, but the easing path is gradual. GBP sentiment is mixed, with positioning cooling off, but technicals still favor long setups like GBPAUD over time.
Australia’s situation looks softer. Inflation is moderating (2.18%), consumer spending is weak, and the Reserve Bank of Australia is widely expected to cut rates on August 12. Despite a recent trade surplus, the AUD dropped 1.4% last week as expectations shifted toward easing. Speculators are still net short on AUD, and if the RBA delivers another dovish message, the Aussie could slide further.
Technically and fundamentally, GBPAUD looks like it’s bottoming at a buyable level. This is a textbook “buy-the-dip” scenario with both sentiment and price structure aligning.
Are you long this one too? Or fading the strength? Let’s talk trades.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.