TRADERSSPREAD / signal
Feed
Forex
Crypto
Commodities
Indices
Reviews
Compare Brokers

GBPAUD Technical Analysis Report 3 June, 2021

• GBPAUD reversed from support area
• Likely to rise to resistance level 1.8420

GBPAUD currency pair recently reversed up from the support area lying between the support level 1.8220 (former resistance level which has been reversing the price from the start of April) and the 38.2% Fibonacci correction of the upward impulse from the start of May. The upward reversal from this support area continues the active short-term impulse wave C from the middle of April.

Given the continuation of the daily uptrend, improvement in sterling sentiment across the FX markets seen today – GBPAUD currency pair can be expected to rise further toward the next resistance level 1.8420 (former monthly high from the end of May).

TAGS:

TOP BROKERS

Vantage FX
Samtrade FX
Plus500
Pepperstone
IG Markets
IC Markets

Latest News

View All →

Vantage FX Review:

Vantage FX

The multi-regulated CFD broker with 180+ products BRIEF INTRODUCTION The Vantage Group of Companies was incorporated in 2009 by a

Samtrade FX Review:

Samtrade FX

A comprehensive analysis of an award-winning broker BRIEF INTRODUCTION Samtrade FX is incorporated in Saint Vincent and the Grenadines under

Plus500 Review:

Plus500

The Israeli-based multi-asset company with 2000+ products BRIEF INTRODUCTION Plus500 is a trademark of Plus500 Limited, an Israel incorporated firm

Pepperstone Review:

Pepperstone

BRIEF INTRODUCTION Pepperstone, founded by Owen Kerr and Joe Davenport, is an FX and CFD broker based out of Melbourne,

IG Markets Review:

IG Markets

An in-depth analysis of the top Australian forex broker Introduction to the top CFD broker IG Markets Ltd is the

IC Markets Review:

IC Markets

The tier-I regulated broker with the lowest spreads in the industry BRIEF INTRODUCTION IC Markets is the trading name of