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GBPAUD Wave Analysis – 19 June, 2020

GBPAUD Wave Analysis – 19 June, 2020

  • GBPAUD broke support level 1,8080
  • Likely to fall to 1,7800

GBPAUD recently broke through the pivotal support level 1,8080 (which stopped the previous sharp downward impulse wave 3 at the start of June).

The breakout of the support level 1,8080 continues the active short-term downward impulse wave 5 – which belongs to the extended impulse sequence (C) from April. GBPAUD is likely to fall further toward the next support level 1,7800 (former monthly low from September of 2019).

GBPAUD Wave Analysis – 19 June, 2020


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