Market Snapshots

GBPAUD Wave Analysis 30 November, 2020

GBPAUD Wave Analysis 30 November, 2020

• GBPAUD reversed from support level 1.8000

• Likely to rise to 1.8280

GBPAUD earlier reversed up from the round support level 1.8000 (which has been reversing the price from the start of October, as can be seen below) intersecting with the lower daily Bollinger Band.

The upward reversal from the support level 1.8000 ended the previous minor correction 2 from the end of November.

GBPAUD is expected to rise further toward the next resistance level 1.8280 (top of the previous minor impulse wave 1).

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