GBP/JPY reversed from support zone Next buy target - 158…
EUR/AUD rising inside impulse waves (iii), 3 and (3)
- EUR/AUD rising inside minor impulse wave (iii)
- Next buy target - 1.5800
EUR/AUD continues to rise inside the minor impulse wave (iii) – which started earlier from the support area lying between the key support level 1.5470 and the upper trendline of the recently broken daily up channel from July (acting as support after it was broken previously). The active minor impulse wave 3 belongs to the intermediate upward impulse wave (3) from September. EUR/AUD is expected to rise toward the next buy target at the next resistance level 1.5800 (target price for the completion of the active impulse wave (iii)).
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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