GBPAUD Wave Analysis – 28 October, 2022
October 28, 2022 @ 19:54 +03:00
• GBPAUD reversed from support level 1.7635
• Likely to rise to resistance level 1.8200
GBPAUD recently reversed up from the pivotal support level 1.7635 (former resistance from July and August, intersecting with the 38.2% Fibonacci correction of the upward impulse from September).
The upward reversal from the support level 1.7635 started the active shot-term correction 2 .
GBPAUD can be expected to rise further toward the next resistance level 1.8200 (top of the previous wave (2) and the target for the completion of the active wave 2).