• GBPUSD broke support area
• Likely to fall to support level 1.3750
Sterling under the bearish pressure after the price broke support area lying between the support level 1.3850 (former minor support from May) and the 61.8% Fibonacci correction of the upward impulse from the start of April.
The breakout of this support area accelerated the active short-term downward impulse wave (c).
Given the immense bullish pressure on U.S. dollar- GBPUSD can then be expected to fall further toward the next support level 1.3750 (target for the completion of the active impulse wave (c)).
Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…
EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…
The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…
Today is Monday, the 12th of January, and once again we will talk about the…
Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
This website uses cookies