• GBPUSD broke support level 1.2175
• Likely to fall to support level 1.1945
GBPUSD currency was under bearish pressure after the pair broke the support level 1.2175 (which stopped wave 3 in the middle of 2022).
The breakout of the support level 1.2175 accelerates the active impulse wave 5 of the intermediate impulse wave (3) from the start of January.
Given the clear daily downtrend, GBPUSD can be expected to fall further toward the next support level 1.1945 (target for the completion of the active impulse wave 5).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies