GBPAUD recently reversed down with the daily Shooting Star sharply from the resistance zone lying between the round resistance level 1.8000 (which has been reversing the pair from the start of July), upper daily Bollinger Band and the 50% Fibonacci correction of the previous impulse wave (C) from June.
The aforementioned resistance area was strengthened by the resistance trendline of the daily down channel from May.
GBPAUD is expected to fall further and retest the next support level 1.7600 (which reversed the price twice in July).
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
This website uses cookies