– GBPUSD reversed from support level 1.2050
– Likely to rise to resistance level 1.2265
GBPUSD currency pair recently reversed up from the key support level 1.2050 (former pivotal support from March) coinciding with the support trendline of the daily down channel from July.
The upward reversal from the support level 1.2050 created the daily Morning Star – strong buy signal for this currency pair.
Given the rising bullish sterling sentiment, GBPUSD currency pair can be expected to rise further toward the next resistance level 1.2265 (top of wave 2 from last month).
- GBPUSD reversed from support level 1.2495 - Likely to rise to resistance level 1.2625…
- EURUSD reversed from powerful support level 1.0350 - Likely to rise to resistance level…
- WTI broke daily Triangle - Likely to rise to resistance level 70.90 WTI crude…
- AUDUSD reversed from resistance level 0.6270 - Likely to fall to support level 0.6200…
- 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…
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