GBPAUD Wave Analysis – 28 April, 2020

GBPAUD under bearish pressure
Likely to fall to 1.9140

GBPAUD under bearish pressure after the earlier breakout of the key support level 1.9350 (former monthly low from March)

The breakout of the support level 1.9350 follows the earlier breakout of the support trendline of the daily up channel from 2019.

GBPAUD is expected to fall further toward the support level 1.9140 (monthly low from February) – the breakout of which can extend the losses toward the next round support level 1.9000

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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