LONG GBPAUD @1.6650

Unfortunately we were railroaded on our short EURGBP position from 0.9025 this morning. However, technical studies in Sterling on the crosses should not be ignored and we have now established a fresh long position on this cross with the market at multi-year lows and severley oversold. We are already long Eur/Aud and Eur/Cad with buy and hold positions, and we will take the same approach here with leverage of 5x. POSITION: LONG @1.6650 FOR OPEN OBJECTIVE.

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