GBP/AUD broke resistance level 1.7730

GBP/AUD broke resistance level 1.7730

2019-11-11 • Updated

  • GBP/AUD broke resistance level 1.7730
  • Next buy target - 1.8090

GBP/AUD recently broke the resistance level 1.7730 (which stopped the previous minor correction A with the daily Shooting Star at the start of June). The breakout of the resistance level 1.7730 accelerated the active minor impulse wave C of the medium-term ABC correction (2) from June. With the sharply rising daily Momentum, GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.8090 (top of wave 4 from May).

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