GBP/NZD reversed from resistance zone Next sell target - 1…
GBP/AUD reversed from resistance zone
- GBP/AUD reversed from resistance zone
- Next sell target - 1.7365
GBP/AUD recently reversed down from the resistance zone lying between the resistance level 1.7660 (which stopped the previous primary ABC correction ② at the start of May) and the upper daily Bollinger Band. The downward reversal from this resistance zone completed the previous intermediate ABC correction (2) from the end of August. GBP/AUD is expected to fall toward the next sell target at the next support level 1.7365.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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