GBP - BULLISH
1️⃣ Hopes that the UK could ease lockdowns sooner than expected due to the country's fast deployment of Covid-19 vaccines.
2️⃣ British inflation rose a little more than expected in January.
3️⃣ The pound has also been supported this year by lessening expectations of negative interest rates and a post-Brexit trade deal with the EU.
AUD - BEARISH
1️⃣ Negative in risk sentiment undermined the antipodeans.
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Technical
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We are looking to buy the GBPAUD on support + above SMA 50 on the H1 chart.
1️⃣ Hopes that the UK could ease lockdowns sooner than expected due to the country's fast deployment of Covid-19 vaccines.
2️⃣ British inflation rose a little more than expected in January.
3️⃣ The pound has also been supported this year by lessening expectations of negative interest rates and a post-Brexit trade deal with the EU.
AUD - BEARISH
1️⃣ Negative in risk sentiment undermined the antipodeans.
=====
Technical
=====
We are looking to buy the GBPAUD on support + above SMA 50 on the H1 chart.
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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.