GBP

I'm thinking of shorting Gbp/Aud - It looks over extremly overbought on the daily chart and there is heaps of resistance.

Would it be wise to short this pair - Would the fundamentals reinforce the short

Cheers

beware my friend
sterling still has potential to go to the upside

i think the sterling will come down under selling pressure again
the austerity measures in the uk will weigh down on the pound
look to enter long term strategic shorts

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@Said: OK, using those dates I see more or less the same numbers as you now.
Having said that, choice of dates seems a little arbitrary, and that's always the problem with trendlines.
But thanks, and it's certainly heading in the direction you indicate.