GBPAUD break out to the upside. SBM long trade in play
We called a partial entry on GBPAUD on the 1st Aug at 1.4900 and entered the 2nd half at 1.4780 on the 8th Aug to give us an average of 1.4840 (Click here – http://www.spreadbetmagazine.com/blog/2012/8/8/2nd-and-final-tranche-of-sterling-aussie-gbpaud-position-ent.html_ The daily chart below shows the pair breaking to the upside through the prolonged 2 months down trend. The height…