GBPAUD Wave Analysis – 2 May 2025

- GBPAUD broke support zone
- Likely to fall to support level 2.0475

GBPAUD currency pair recently broke the support zone between the pivotal support level 2.0685 (which stopped the previous waves i, iii, v) and the 50% Fibonacci correction of the upward impulse from January.

The breakout of this support zone continues the c-wave of the active ABC correction 4 from the start of April.

GBPAUD can be expected to fall to the next support level 2.0475 (target price for the completion of the active correction 4).