According to fundamentals and technical analysis

British Pound/Australian DollarFXCM

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⋅ 16 Th01 2019 16:42

due to the recent vote down on the UK's leave deal, and the fact a no deal looks even less likely, in conjunction with weak sentiment from AUD, a buy seems likely at the 0.618 fib rejection for a 2/1 R/R ratio.

Trend Analysis

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