GBPAUD First target hit at 1.5020 – partial closure (50%)

A welcome start to the trading day, our Long call on GBPAUD has hit our first target this morning at 1.5020 (see chart below) Following a few days hovering around the 1.4900-1.500 mark we have had a decisive break this morning and by the look of the chart we could see our next target at 1.52-1.53 sometime next week.

On the remaining 50% of the position we have raised our stop to 1.4916 – just below the lows in recent days.

GBPAUD 10 min chart

Seperately, our GBPJPY trade is moving nicely from the entry at 1.23. We are running a flat stop here now.

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