• GBPAUD reversed from long-term support level 1.7800
• Likely to rise to 1.8060
GBPAUD recently reversed up from the long-term support level 1.7800 (former monthly low from September of 2019), intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 1.7800 created the daily Japanese candlesticks reversal pattern Hammer.
GBPAUD is likely to rise further toward the next resistance level 1.8060 (top of the previous correction (b)) – followed by 1.8200 (top of the earlier wave (ii)).
Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3…
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
This website uses cookies