The last 'Double Top' led to the current decline. Meanwhile, it's likely to have an upward correction towards the nearest resistance...
Tag - gbp
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.
It's likely to have a bullish correction in the coming hours. The main intraday target is the closest resistance at 1.3253 - 1.3277...
The pair is likely going to reach the next resistance 1.3450 - 1.3471. However, if a pullback from this area happens next...
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines
The US dollar index can’t break the psychological level at $94…
The main intraday target for GBPUSD is the next support at 1.3300 - 1.3253...
The inability of bulls to get above resistance at 23.6% of the wave CD and return to the 1.3455-1.3615 consolidation range points at their weakness.
The market is likely going to reach the next resistance at 1.3471 - 1.3490 shortly. A pullback from this area could be...
The US dollar index managed to rebound from the psychological level at $93.50. Up to now, it is trading near $93.65.
There's a 'V-Top' pattern, so the market is likely going to test the closest support at 1.3344 - 1.3380...
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.