USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
GBP/AUD rising inside impulse wave 3
- GBP/AUD rising inside impulse wave 3
- Next buy target - 1.8200
GBP/AUD continues to rise inside the short-term impulse wave 3 - which today broke through the major resistance level 1.7930 (former support from May which has been reversing the price from June). The breakout of the resistance level 1.7930 accelerated the active impulse waves (iii) and 3 – which belong to wave (C) from the start of August. GBP/AUD is expected to rise further toward the next buy target at the next resistance level 1.8200 (monthly top from May).
Dmitry Chernovolov
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Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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