GBP/AUD reversed from support zone

GBP/AUD reversed from support zone

  • GBP/AUD reversed from support zone
  • Next buy target - 1.7900

GBP/AUD recently reversed up with the daily Hammer from the support area lying between the key support level 1.7600 (which reversed the previous impulse wave (iii) in November as can be seen below) and 38.2% Fibonacci correction of the previous minor impulse wave from October. GBP/AUD is expected to rise to the next buy target at the next resistance level 1.7900 (which reversed the previous sharp minor impulse wave (iii)).


EUR/USD: possible ending diagonal

We're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target...


EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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