December 14, 2020 at 02:06PM
• GBPAUD rising inside impulse wave 1
• Likely to reach 1.7865
GBPAUD continues to rise inside the minor upward impulse wave 1 – which belongs to the medium-term upward impulse wave (C) which started earlier from the key support level 1.7500.
The support area near the support level 1.7500 was strengthened by the lower daily Bollinger Band.
GBPAUD is expected to rise further toward the next resistance level 1.7865 (former monthly low from October which stopped the earlier wave B)
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpaud-wave-analysis-14-december-2020-20201214/
Selected by fonecable.com
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?