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GBPAUD Wave Analysis 19 April, 2021

• GBPAUD reversed from key support level 1.7800

• Likely to rise to 1.8080

GBPAUD recently reversed up from the key support level 1.7800 (which has been reversing the price from the star of March) – standing near the lower daily Bollinger Band.

The upward reversal form the support level 1.7800 created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which started the active impulse wave 3.

GBPAUD is likely to rise further toward the next resistance level 1.8080 (top of the previous corrective wave (b)).

GBPAUD Wave Analysis 19 April, 2021

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