– GBPUSD broke key support level 1.2535
– Likely to fall to support level 1.2335
GBPUSD currency pair continues to fall strongly after breaking the key support level 1.2535, which has been steadily reversing the price from December.
The breakout of the support level 1.2535 coincided with true breakout of the 38.2% Fibonacci correction of the previous upward ABC correction (B) from last October .
Given the strong bearish sterling sentiment seen across the FX markets today, GBPUSD currency pair can be expected to fall further to the next support level 1.2335, target for the completion of the active impulse wave 3.
The crypto market has continued to cool down for the third day, with a 1.7%…
- 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…
This website uses cookies