Categories: Technical analysis

GBPAUD Wave Analysis 30 November, 2020

• GBPAUD reversed from support level 1.8000

• Likely to rise to 1.8280

GBPAUD earlier reversed up from the round support level 1.8000 (which has been reversing the price from the start of October, as can be seen below) intersecting with the lower daily Bollinger Band.

The upward reversal from the support level 1.8000 ended the previous minor correction 2 from the end of November.

GBPAUD is expected to rise further toward the next resistance level 1.8280 (top of the previous minor impulse wave 1).

AddThis Website Tools
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.

Share
Published by
The FxPro Tech Analysis Team
Tags: GBPAUD

Recent Posts

Apple Wave Analysis – 20 March 2025

Apple: ⬇️ Sell - Apple reversed from resistance level 220.00 - Likely to fall to…

3 hours ago

IBM Wave Analysis – 20 March 2025

IBM: ⬆️ Buy - IBM reversed from support zone - Likely to rise to resistance…

3 hours ago

AUDNZD Wave Analysis – 20 March 2025

AUDNZD: ⬆️ Buy - AUDNZD reversed from key support level 1.0930 - Likely to rise…

5 hours ago

EURCAD Wave Analysis – 20 March 2025

EURCAD: ⬇️ Sell - EURCAD reversed from the resistance zone - Likely to fall to…

5 hours ago

Crypto Market Testing Resistance

The crypto market has increased by over 5% and is nearing the $2.9 trillion. The…

10 hours ago

Gold Wave Analysis – 19 March 2025

Gold: ⬆️ Buy - Gold continues daily uptrend - Likely to rise to resistance level…

1 day ago