Copper recently reversed up sharply from the long-term support level 193.40 (yearly low from 2016, standing far outside of the lower weekly Bollinger Band).
The upward reversal from the support level 193.40 started the active short-term correction 4 (which belongs to the downward impulse sequence (3) from the start of 2020).
Given the strength of the support level 193.40 – EURGBP is likely rise further toward the next resistance level 230.00 (target price for the completion of the active correction 4)
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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