GBP/AUD broke support zone

GBP/AUD broke support zone

  • GBP/AUD broke support zone
  • Next sell target - 1.7400

 

GBP/AUD recently broke below the support zone lying between the support level 1.7730 (which stopped the previous impulse wave 1 earlier this month, as can be seen below) and the 38.2% Fibonacci correction of the previous upward ABC correction (2) from the start of June. GBP/AUD is expected to fall further toward the next sell target at the next support level 1.7400 (low of wave (1) from June).

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

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.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera