GBP/AUD: sell target - 2.0200

GBP/AUD has been falling in the last few trading sessions inside the 3rd minor impulse wave 3 – which started earlier this month – when the pair reversed down from the resistance area lying between the resistance level 2.1000, upper daily Bollinger Band, 38.2% Fibonacci correction of the previous downward impulse from last August and the upper resistance trendline of the daily down channel from last year.

GBP/AUD is likely to fall further in the active impulse waves 3 and (C) (which belong to the primary ABC correction ② from last August) toward the next sell target at the support level 2.0200 (low of the previous impulse 1). - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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