The GBPAUD is in a channel ahead of the Australian employment

The GBPAUD is working higher in an up channel with the pair facing Australian employment tomorrow. Obviously, this pair is heavily influenced by BREXIT headlines, but the employment data may be more of a market mover in the coming days. With the pair challenging a minor downtrend line, it could open up a move to the 1.8500 level once again as long as the 1.8100 level channel trend line continues to hold.

GBPAUD Ascending Channel

Blake Morrow