GBP/USD: local bullish correction is underway
The pair is likely going to reach the nearest support at 1.2957 - 1.2938 in the short term. This area could be a starting point for...
GBP/AUD broke combined support area
- GBP/AUD broke combined support area
- Next sell target - 1.7200
GBP/AUD today broke through the combined support area lying between the key support level 1.7380 (which has been reversing the price from the end of November, as can be seen from the daily GBP/AUD chart below), support trendline of the daily up channel from September and the 38.2% Fibonacci correction of the upward impulse from October. GBP/AUD is expected to fall toward the next sell target at the next support level 1.7200.
Dmitry Chernovolov
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