GBP/AUD rising inside minor wave b

GBP/AUD rising inside minor wave b

  • GBP/AUD rising inside minor wave b
  • Next buy target - 1.7970

GBP/AUD recently reversed up from the support zone lying between the support level 1.7600 the 50% Fibonacci correction of the previous sharp upward impulse (i). The upward reversal from this support zone started the minor corrective wave b. GBP/AUD is expected to rise further to the next buy target at the major resistance level 1.7970 (top of wave (i) – from where the price is likely to correct down.

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