GBPUSD recently reversed up from the support area lying between the multi-month support level 1.24000 (which stopped the earlier downtrend in January) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous impulse waves 3 and (3).
Given the oversold reading on the daily Stochastic indicator GBPUSD is expected to rise further and retest the next resistance level 1.2500.
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies
