GBPAUD - LONG

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GBPAUD - LONGGreat British Pound vs. Australian DollarFX:GBPAUDRK-MacroFUNDAMENTAL REASONING: Fundamentally bullish GBP, supported by stronger-than-expected UK GDP growth, an upside surprise in services PMI and resilient domestic activity. Meanwhile, Australia's unemployment rate has risen to 4.6%, signalling some labour-market weakness. Although elevated Australian inflation and interest rates remain counterarguments, my bias favours GBP over AUD, with technical price action confirming the entry. TECHNICAL REASONING: The 50 & 100 EMA have recently crossed showing a bullish momentum. Drawing the FIB from the recent low to the most recent high, price has returned to the 50%/61.8% retracement level which also aligns with a clean support level. My twitter link is on my profile :)