Technical analysis

GBPAUD Wave Analysis 2 April, 2021

GBPAUD Wave Analysis 2 April, 2021

• GBPAUD reversed from support level 1.8115

• Likely to reach resistance level 1.8260

GBPAUD recently reversed up from the support level 1.8115 (former strong resistance from February and March – acting as support after it was broken earlier).

The upward reversal from the support level 1.8115 continues the active impulse waves 3 and (3).

GBPAUD is likely to rise further toward the next resistance level 1.8260 (which stopped waves (a) and 2 in November).

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