GBP/AUD: The move remains short

GBP/AUD: Fails break of the previous high and engulfing bar after that – Negative signal

RSI moves below 50 and the price moves below 25 EMA – Also negative signal for sell, this is a often used strategy for trading.

CCI(50) move below 100

Sentiment: GBP remains under pressure, also we could see AUD higher as speech from Janet Yellen is expected later today.

Stefan D. Angelov – Head of Stocks Trading.

 Varchev Traders

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