GBP/AUD Signal - Feb. 7, 2013

|

By: DailyForex.com

The pair GBPAUD is rising again after bouncing back on the 78,60% Fibonacci retracement. We are also seeing a bullish cross of moving averages at 7 and 20 sessions. In this context, investors will therefore put upward pressure on the pair with a stop-loss at 1.5050 to target a renewed bullish movement.

Direction: Buy
Entry: 1.5180
Stop-loss: 1.5050

GBP/AUD signal - February 7, 2013

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.