– GBPUSD broke key resistance level 1.2675
– Likely to rise to resistance level 1.2880
GBPUSD currency pair recently broke above the key resistance level 1.2675 (which stopped the previous sharp upward impulse wave (iii) at the start of May).
The breakout of the resistance level 1.2675 accelerated the C-wave of the active ABC correction (2) from the end of last year.
Given the strong daily uptrend and massive USD sales after Federal Reserve announced the rate hike pause, GBPUSD can be expected to rise further toward the next resistance level 1.2880 (target for the completion of the active impulse wave C).
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
This website uses cookies