GBPAUD recently broke the support area lying between the key support level 1.7860 (which reversed the price in February and July) and the lower trendline of the daily down channel from May.
The breakout of this support area accelerated the active impulse waves 3 and (C).
GBPAUD is expected to fall further and retest the next support level 1.7600 (monthly low from January and the target for the completion of wave 3).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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