GBP/AUD falling inside minor impulse wave
- GBP/AUD falling inside minor impulse wave
- Next sell target - 1.6500
GBP/AUD continues to fall inside the minor impulse wave 3, which previously broke through the two consecutive support levels: 1.6730 (previous sell target set in our earlier forecast for this currency pair) and 1.6300. The breakout of these support levels accelerated the active impulse wave 3 – which belongs to the sharp intermediate impulse wave (3) of the primary Ⓒ-wave from May.
GBP/AUD is expected to fall down further to the next sell target at the support level 1.6500 (forecast price calculated for the completion of the active intermediate impulse wave (3)).