GBP/AUD broke multi-month resistance level 1.7900

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  • GBP/AUD broke multi-month resistance level 1.7900
  • Next buy target - 1.8400

GBP/AUD Has been rising sharply in the last 2 trading sessions - following the earlier breakout of the powerful, multi-month resistance level 1.7900 (which has been repeatedly reversing the price from the end of November, as can be seen below).  The breakout of the resistance level 1.7900 accelerated the active impulse waves (iii) and 3. GBP/AUD is expected to rise toward the next buy target at next resistance level 1.8400.

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