29/08/2022
The British pound sterling against the Australian dollar is trading in a corrective triangular wave, which is currently completing the wave D, which could witness further decline, provided that the critical limit is not breached at 1.56652
ـــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ
20/8/2022
The pound sterling prices continue to take a corrective pattern abc against the Australian dollar to complete the wave 2 at 1.816020. The critical limit that supports this Scenario is 1.702930.
03/09/2022
It started to complete the decline again after completing the triangle wave (4) at 1.92212 to confirm this decline after breaching the support formed at the bottom of the wave D at 1.74167 to target 1.44832and 1.14578. The critical limit that supports its decline is the peak of the wave E at 1.92212.
ـــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ
Coming closer to the weekly range, we are looking for a side-way correction in wave 2 of (5), critical resistance remains at 1.922120
We are looking for a sell-off in wave (5) which targeting 1.145780, critical resistance at 1.922120