GBPUSD under bearish pressure after the recent breakout of the pivotal support level 1.2200 (low of the previous intermediate ABC correction (B) from October).
The breakout of the support level 1.2200 greatly accelerated the active short-term impulse wave 3 which belongs to the extended downward impulse sequence (3) from December.
GBPUSD is likely to fall further toward the next support level 1.1945 (former powerful support from last September and the likely price for the completion of the active impulse wave (3)).
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The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- 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…
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