GBP/AUD rising inside intermediate ABC correction (2)

GBP/AUD rising inside intermediate ABC correction (2)

2019-11-11 • Updated

  • GBP/AUD rising inside intermediate ABC correction (2)
  • Next buy target - 1.7660

GBP/AUD recently broke through the strong resistance level 1.7370 (which stopped the previous minor impulse wave (i) in October). The breakout of the resistance level 1.7370 accelerated the active minor impulse wave C – which belongs to the sharp intermediate ABC correction (2) from the end of August. GBP/AUD is expected to rise toward the next buy target at the next resistance level 1.7660 (monthly high from May and the target price for the completion of wave (2)).

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