Good day and welcome to my post. I will be analyzing the GBPAUD today and showing how it is forming a double-edged sword.

The prices have been moving in a side-ways pattern, prices has been respecting the both psychological handle( Trendline Resistance and Support).

Now price is tryna retest the support, many will say this is a rising channel and will be looking for opportunities to short the market.

Using Economical Analysis, Great Britain recently signed a 1bn pounds contracts with the Indians. This action will most Likely Boost GBP and we must take that into consideration while trading this.

I am bullish on this pair for now and I hope to go long. Thanks!

If you Like what I posted or you have your own Idea? You can write it down, I will be very happy if you do that.

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Chart PatternsFundamental AnalysisGrowth

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