• GBPUSD reversed from resistance level 1.400
• Likely to fall to support level 1.3900
GBPUSD recently reversed down from the key resistance level 1.4000 (which has been steadily reversing the pair for the last few trading weekly) – standing outside of the upper daily Bollinger Band.
The downward reversal from the resistance level 1.2475 stopped the previous intermediate impulse wave (3).
Given the overbought daily Stochastic – GBPUSD is likely to fall further toward the next support level 1.3900 (former resistance from the start of April).
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- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
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- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…
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