GBPAUD recently reversed up sharply from the support area lying between the key support level 1.7600, lower daily Bollinger Band and the support trendline of the daily down channel from May.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer.
GBPAUD is expected to rise further and retest the next round resistance level 1.8000 (top of the previous corrections 2 and 4).
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…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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