– GBPAUD broke resistance level 1.9260
– Likely to rise to resistance level 1.9535
GBPAUD currency pair under the bullish pressure after the earlier breakout of the resistance level 1.9260, top of the previous minor impulse wave (i) from June.
The breakout of the resistance level 1.9260 accelerated the active impulse waves 3 and iii, which belong to the extended impulse sequence (3) from February.
Given the strong multi-month uptrend, GBPAUD can be expected to rise further toward the next resistance level 1.9535 (target price for the completion of the active impulse wave 3).
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
This website uses cookies