CAD/JPY reversed from resistance zone Next sell target - 84…
GBP/AUD falling inside minor impulse wave 1
- GBP/AUD falling inside minor impulse wave 1
- Next sell target - 1.6450
GBP/AUD continues to fall inside the minor impulse wave 1, which belongs to the sharp primary impulse wave ③ from the start of May. The price earlier broke through the support zone lying between the round support level 1.7000 and the 38.2% Fibonacci correction of the previous sharp intermediate impulse wave (C) from the middle of March – which strengthened the bearish pressure on this pair. GBP/AUD is expected to fall to the next sell target at the next support level 1.6450 (previous resistance level from February).
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…