GBPAUD Wave Analysis 29 January 2025
- GBPAUD rising inside impulse wave 3
- Likely to rise to resistance level 2.0100
GBPAUD currency pair continues to rise inside the minor impulse wave 3, which started earlier from the key support level 1.9600 – which reversed the price for 5 consecutive days.
The support level 1.9600 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction of the upward impulse from November.
Given the strong daily uptrend, GBPAUD can be expected to rise further to the next resistance level 2.0100 (which stopped the previous minor correction ii at the start of this month).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.