GBPAUD, Possible next entry!

Today there is possible increase volatility in the pair GBP/AUD after the speech of the Head of Bank of England Andrew Bailey. He said that negative rates are an important tool in the arsenal of the regulator. Investors drew attention to the report that it will take time to conduct technical preparations for the introduction of negative rates.

Thus, the head of the Bank of England signaled a possible transition of monetary policy from zero to negative rates. In addition, Andrew Bailey directly pointed to a change in strategy of the Bank of England on inflation, following the example of the Federal Reserve.

Technically it's upward accumulated and can continue its rising.
It will be good for buyers if the daily candle will close above!

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