– GBPUSD reversed from resistance level 1.2270
– Likely to fall to support level 1.2085
GBPUSD earlier reversed down with the Piercing Line candlesticks pattern from the key resistance level 1.2270 (which also stopped the previous waves 4 and 2).
The resistance level 1.2270 was strengthened by the upper daily Bollinger Band, 38.2% Fibonacci correction of the previous downward impulse from August and the resistance trendline of the daily down channel from July.
Given the moderate USD bullishness, GBPUSD can be expected to fall further toward the next support level 1.2085 (low of the previous waves (5) and (1)).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies