The GBP/AUD pair is currently approaching a historical major support at 1.4600 which could lead markets to bounce back in response to the important bearish movement from the past few weeks. From the technical indicators point of view, the stochastic could cross its signal during the next sessions and thus give a bullish signal. Investors will therefore be bullish on this pair with a stop below the last low to target a return on the MA20.
Direction: Up
Entry: 1.4602
Stop-loss: 1.45
