• 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)).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- 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…
This website uses cookies
