• Sterling reversed from resistance level 1.2640
• Likely to fall to support level 1.2400
Sterling under the bearish pressure after the price reversed down from the long-term resistance level 1.2640 (former top of the weekly correction 4 from 2022).
The downward reversal from the resistance level 1.2640 stopped the earlier weekly impulse sequence 1 of wave (C) from March.
Given the overbought weekly Stochastic, Sterling can be expected to fall toward the next support level 1.2400.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies