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).
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