The whole idea of shorting this pair is mainly based on technicals and a bit of fudamental analysis:
Technicals: Break and retest of both the trend line, and the support, as well as the 4H 50 EMA retest.
Fundamentals: GDP GROWTH IS HIGHER IN AUSTRALIA, INFLATION IS LESS IN AUSTRALIA, UNEMPLOYMENT LESS IN AUSTRALIA, the only thing against us here is interest rate that is higher in the UK.
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