Technical levels of AUD/CAD
EUR/GBP broke key resistance level 0.8880
- EUR/GBP broke key resistance level 0.8880
- Next buy target - 0.8970
EUR/GBP continues to rise strongly after the earlier breakout of the key resistance level 0.8880 (which stopped earlier waves (i) and i, as can be seen below). The breakout of the resistance level 0.8880 accelerated the active minor impulse wave 3 – which belongs to the medium-term impulse wave (C) from the end of May. EUR/GBP is expected to rise further toward the next buy target at the next resistance level 0.8970.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...