• GBPUSD reversed from key support level 1.3530
• Likely to reach resistance level 1.3765
GBPUSD recently reversed up from the key support level 1.3530 (which has been reversing the price form the start of January) – standing near the lower daily Bollinger Band and the 38.2% Fibonacci correction level of the upward impulse from December.
The upward reversal from the support level 1.3530 created the daily Japanese candlesticks reversal pattern Hammer.
GBPUSD is expected to rise further toward the next resistance level 1.3765 (top of the previous waves 1 and (b)).
- 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