GBPUSD Wave Analysis - Action Forex
GBPUSD currency pair recently reversed down from the key resistance level 1.2800, which has been repeatedly reversing the price from December.
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GBPUSD currency pair recently reversed down from the key resistance level 1.2800, which has been repeatedly reversing the price from December.
AUDJPY currency pair recently reversed down from the key resistance level 104.50, which stopped the previous sharp upward impulse wave 3.
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EURGBP recently reversed up from the support zone lying between the key support levels 0.8500, 0.8550 and the lower daily Bollinger Band.
The market is expected to consolidate further with a positive bias in the coming week, with a focus on corporate earnings, the third phase of Lok Sabha elections, UK's first quarter GDP numbers, and Bank of England's policy meeting, experts said.