GBPUSD recently broke the support area lying between the support level 1.2775 (which reversed the price in November and February) and the 50% Fibonacci correction of the previous weekly ABC correction from last September.
The breakout of the aforementioned support area accelerated the active downward impulse w3aves 3 and (3).
With the strong bearish Sterling sentiment seen today – GBPUSD is likely to fall further toward the next round support level 1.2500 (forecast price for the completion of the impulse wave 3).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- 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…
This website uses cookies