On the daily chart of GBP/USD, bulls could return the pair to the upper border of the downward channel.
Tag - gbp
The following pullback from the nearest resistance at 1.2930 - 1.2953 could lead to another decline in the direction of the next support...
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The main intraday target is the next support at 1.2830 - 1.2796. A pullback from this area could lead to an upward correction towards...
Bullish Ichimoku Cloud, but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with extremely falling lines.
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On the daily chart of EUR/GBP, there is a test of the bottom line of the long-term consolidation of 0.87-0.902 within the "Spike and ledge" pattern.
It's likely that the pair is going to reach the closest resistance at 1.3181 within the next few hours...
Bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
On the daily chart of GBP/USD, the pair may test the diagonal resistance (the upper boundary of the downward channel).
If you trade a currency, you need to know the fundamental factors that lie behind its value…