CAD/JPY reversed from resistance zone Next sell target - 84…
GBP/AUD broke resistance zone
- GBP/AUD broke resistance zone
- Next buy target - 1.6750
GBP/AUD continues to rise inside the intermediate impulse wave (3) – which earlier broke through the resistance zone lying between the resistance level 1.6480 (which stopped the previous intermediate impulse wave (1) earlier this month) and the 38.2% Fibonacci correction level of the previous primary ABC correction ② from the start of January.
GBP/AUD is expected to rise to the next buy target at the resistance level 1.6750 (top of the (B)-wave of the aforementioned ABC correction ②) - intersecting with the 61.8% Fibonacci correction of the same wave ②.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…