GBP/AUD: sell target - 1.8600
By: Dmitriy Chernovolov
- GBP/AUD reached sell target 1.9000
- Next sell target - 1.8600
GBP/AUD has been falling sharply in the last few trading sessions - breaking through the support levels 1.9280 and 1.9000 (previous sell target set in our earlier forecast for this currency pair). The breakout of these support levels accelerated the active impulse wave (v) – which belongs to the sharp minor impulse wave 5 from the start of February (which previously broke the daily down channel from August).
GBP/AUD is likely to fall further to the next sell target at the support level 1.8600 (forecast price calculated for the termination of the active minor impulse wave 5).