Categories: Technical analysis

GBPAUD Wave Analysis – 2 May 2025

GBPAUD: ⬇️ Sell

– GBPAUD broke support zone

– Likely to fall to support level 2.0475

GBPAUD currency pair recently broke the support zone between the pivotal support level 2.0685 (which stopped the previous waves i, iii, v) and the 50% Fibonacci correction of the upward impulse from January.

The breakout of this support zone continues the c-wave of the active ABC correction 4 from the start of April.

GBPAUD can be expected to fall to the next support level 2.0475 (target price for the completion of the active correction 4).

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.

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Tags: GBPAUD

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