– GBPUSD reversed from support level 1.2495
– Likely to rise to resistance level 1.2625
GBPUSD currency pair recently reversed up from the pivotal support level 1.2495 (which has been steadily reversing the pair from May) intersecting with the lower daily Bollinger Band.
The upward reversal from the support level 1.2495 stopped the previous medium-term impulse wave (3).
Given the strength of the support level 1.2495 and the oversold reading on the daily Stochastic indicator, GBPUSD currency pair can be expected to rise to the next resistance level 1.2625 (former support from the end of November).
Market Picture The crypto market set another trap for bulls yesterday afternoon, jumping to $3T…
JPMorgan Chase: ⬇️ Sell - JPMorgan Chase reversed from resistance area - Likely to fall…
EURUSD: ⬇️ Sell - EURUSD reversed from resistance area - Likely to fall to support level…
AUDJPY: ⬆️ Buy - AUDJPY reversed from support area - Likely to rise to resistance…
Palladium: ⬆️ Buy - Palladium broke multi-month resistance level 1600.00 - Likely to rise to resistance…
Today is Thursday, the 18th of December, and we'll be talking about the British pound…
This website uses cookies