Technical levels of AUD/CAD
GBP/JPY broke key support level 147.30
- GBP/JPY broke key support level 147.30
- Next sell target - 147.30
GBP/JPY recently broke the key support level 147.30 (low of the previous waves (ii) and 1). The breakout of this support level continues the active minor impulse wave 3. GBP/JPY is expected to fall further toward the next sell target at the next support level 145.00 (low of the previous impulse wave (1) from March). Strong resistance now stands at 147.30.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...