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).
- 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…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
This website uses cookies