GBP/USD broke resistance area Next buy target - 1…
GBP/AUD reversed from support area
- GBP/AUD reversed from support area
- Next buy target - 1.7000
GBP/AUD recently reversed up sharply from the support area lying between the pivotal support level 1.6750 (former resistance level from August), lower daily Bollinger Band and the 50% Fibonacci correction of the previous intermediate ABC correction (2) from August. The upward reversal from this support area stopped the earlier minor impulse wave 3. GBP/AUD is expected to rise to the next buy target at the next resistance level 1.7000 (top of the previous minor correction 2).
USD/JPY has posted slight gains in the first half of past week as political tumult over Trump's obstruction of justice subsided…
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…