GBPUSD recently reversed up from the support area lying between the key support level 1.2470 (which has been reversing the price from December) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the earlier short-term impulse wave 3 from the end of June.
GBPUSD is expected to rise further and retest the next resistance level 1.2600.
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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