– GBPUSD reversed from support level 1.2535
– Likely to rise to resistance level 1.2700
GBPUSD currency pair recently reversed up from the key support level 1.2535, which has been steadily reversing the price from the start of December.
The support level 1.2535, was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the upward impulse from October.
Given the strength of the support level 1.2535, GBPUSD currency pair can be expected to rise to the next
resistance level 1.2700 (which stopped the previous correction (2)).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies