GBPAUD Wave Analysis – 14 July, 2020
July 14, 2020 @ 17:45 +03:00
• GBPAUD reversed from resistance area
• Likely to fall to 1.7880
GBPAUD recently reversed down from the resistance area located between the resistance level 1.8200, upper daily Bollinger Band and the 50% Fibonacci correction of the previous downward impulse wave 1.
The downward reversal from this resistance area started the active short-term impulse wave 3.
GBPAUD can be expected to fall further toward the next support level 1.7880 (which stopped the previous waves 1 and (b)).