Categories: Technical analysis

GBPAUD Wave Analysis – 24 May, 2021

• GBPAUD reversed from resistance level 1.8320

• Likely to fall to support level 1.8200

GBPAUD currency pair recently reversed down from the long-term resistance level 1.8320 (former monthly high from November) – strengthened by the upper daily Bollinger Band.

The downward reversal from the resistance level 1.8320 stopped the previous impulse waves (iii) and 3.

GBPAUD can be expected to fall further toward the next support level 1.8200 (former strong resistance from December and April).

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

Bitcoin Cash Wave Analysis – 12 January 2026

Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…

21 minutes ago

EURJPY Wave Analysis – 12 January 2026

EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…

23 minutes ago

Gold shines on an anti-fiat thesis

The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…

10 hours ago

SP500 Current situation #trading #tradelikeapro #sp500 #tradingshorts #tradingstrategy

Today is Monday, the 12th of January, and once again we will talk about the…

11 hours ago

Crypto: sell-the-growth continues

Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…

12 hours ago

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

3 days ago

This website uses cookies