GBP/AUD broke resistance zone

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.


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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