– GBPAUD reversed from support level 1.8945
– Likely to rise to resistance level 1.9200
GBPAUD currency pair recently reversed up from the strong support level 1.8945 (which has been repeatedly reversing the pair from the start of July) intersecting with the lower daily Bollinger Band.
The support level 1.8945 was strengthened by the 38.2% Fibonacci correction of the sharp extended uptrend from last February.
Given the clear daily uptrend, GBPAUD currency pair can be expected to rise to the next resistance level 1.9200 (which stopped the previous wave 1 and b).
- 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…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies