Categories: Technical analysis

GBPAUD Wave Analysis – 14 July, 2020

• GBPAUD reversed from resistance area

• Likely to fall to 1.7880

GBPAUD recently reversed down from the resistance area located between the resistance level 1.8200, upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse wave 1.

The downward reversal from this resistance area started the active short-term impulse wave 3.

GBPAUD can be expected to fall further toward the next support level 1.7880 (which stopped the previous waves 1 and (b)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: GBPAUD

Recent Posts

Bitcoin is on the Verge of $100,000 Again

Bitcoin surges towards $100K as the crypto market cap reaches $3.5 trillion. Bitcoin displays signs…

1 hour ago

WTI crude oil Wave Analysis 3 January 2025

- WTI crude oil broke resistance area - Likely to rise to resistance level 76.00…

3 days ago

S&P 500 index Wave Analysis 3 January 2025

- S&P 500 reversed from support area - Likely to rise to resistance level 6000.00…

3 days ago

Gold growth halted but with upside risks

The technical picture for gold is mixed, but a dip below the 50-day moving average…

3 days ago

Stocks start the year in fear

The US stock market is starting the year in a state of fear, as reflected…

3 days ago

The crypto hesitates to grow without stocks

The crypto market is struggling to grow without the support of stock markets, with reduced…

3 days ago

This website uses cookies