GBPAUD Wave Analysis – 18 March 2025

GBPAUD: ⬆️ Buy

– GBPAUD reversed from the support zone

– Likely to rise to resistance level 2.060

GBPAUD currency pair recently reversed from the support area between the support level 2.0290 (former multi-month resistance from December) and the 38.2% Fibonacci correction of the upward impulse from February.

The upward reversal from this support zone stopped the previous short-term ABC correction 4.

Given the strong multi-month uptrend, GBPAUD currency pair can be expected to rise to the next resistance level 2.060 (which reversed the previous upward impulse wave 3).