GBP/AUD: Sell target - 1.8600 // 18-March

GBP/AUD: Sell target - 1.8600 // 18-March
By : Dmitriy Chernovolov : https://fxbazooka.com
Broker : FBS Markets Inc
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 reached Sell target 1.9000
• Next Sell target - 1.8600

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).

GBP/AUD: Sell target - 1.8600