Technical levels of AUD/CAD
GBP/USD reversed from support zone
- GBP/USD reversed from support zone
- Next buy target - 1.3430
GBP/USD recently reversed up from the support zone lying between the long-term support level 1.3100 (which has been reversing the price from last October, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous minor impulse wave 3. GBP/USD is expected to rise further toward the next buy target at the next resistance level 1.3430 (top of the previous wave (2)).
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...