Technical levels of AUD/CAD
GBP/USD reached buy target 1.3270
- GBP/USD reached buy target 1.3270
- Next buy target - 1.3400
GBP/USD continues to rise after the earlier breakout of the resistance level 1.3270 (which stopped the previous minor impulse wave 1 and which was set as the buy target in our previous forecast for this currency pair). The breakout of this resistance level should accelerate the active minor impulse wave (iii) – which belongs to the impulse wave 3 of the intermediate impulse wave (3) from June. GBP/USD is expected to rise to the next buy target at the next resistance level 1.3400 (intersecting with the daily up channel from April).
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...