FxPro - Analytics


761.75 6.25/10
87% of positive reviews

GBPAUD Wave Analysis – 6 May, 2022

GBPAUD Wave Analysis – 6 May, 2022

• GBPAUD reversed from support level 1.7200
• Likely to rise to resistance level 1.7493

GBPAUD currency pair recently reversed up sharply from the key support level 1.7200 (which stopped wave 1 at the start of April).

The upward reversal from the support level 1.7200 created the daily candlesticks reversal pattern Hammer – standing far below the lower daily Bollinger Band.

GBPAUD can be expected to rise further toward the next resistance level 1.7493 (former support pivot from the middle of April).

GBPAUD Wave Analysis – 6 May, 2022

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree