• GBPUSD reversed from key support level 1.1915
• Likely to rise to resistance level 1.2200
GBPUSD recently reversed up from the key support level 1.1915 (which has been reversing the pair from the end of November) intersecting with the lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward impulse from November .
The upward reversal from the support level 1.1915 is likely to form the daily candlesticks reversal pattern Bullish Engulfing.
GBPUSD can be expected to rise further toward the next resistance level 1.2200 (which stopped the pervious wave (ii)).
- 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