Long GBPAUD 4H

GBPAUD 4H has hovered around the fibo levels and rested nicely on the 200MA before rebounding.

Strength of Short term downtrend is weakening.

Expect continued consolidation or rebound to resume uptrend.

TP1: 1.9640
TP2: 1.9700
TP3: 1.9965

Stoploss: breaks 200 MA.

This week's major fluctuation will depend on Australia: RBA rate decision and GDP