If a pullback from the nearest resistance happens next, bears are likely going to test the next support at 1.1283...
GBP/AUD rising inside sharp C-wave
- GBP/AUD rising inside sharp C-wave
- Next buy target - 1.7780
GBP/AUD continues to rise inside the sharp minor impulse wave (iii) - which previously broke above the key resistance level 1.7210 (which stopped earlier wave A and which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 1.7210 accelerated the active minor impulse wave (iii) and iii – both of which below to the sharp C-wave from the middle of March.
GBP/AUD is expected to the next buy target at the next resistance level 1.7780 (top of the previous minor B-wave from last September).
The market is likely going to continue declining. The main intraday target is the next support at 1.1526 - 1.1508...
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.
AUD/CAD falling inside impulse waves 3 and (C) Next sell target - 0…