Trade of the Day: GBPAUD
25 May 2022
The trend for GBPAUD at the moment is more to sideway market. The price unable to decide which trend to take and waiting for a big catalyst before making a big break out.
Until there is a clear breakout of the current trend, we will consider the current price movement will continue in sideway market,
If the price touches the resistance, we will be looking for opportunity to find short position
If the price touches the support, we will be looking for opportunity to find long position.