Tag - gbp

GBP/CHF falling inside minor impulse 3 Next sell target - 1…

On the daily chart, GBP/USD is forming a “Spike and reversal with acceleration”.

We've got a 'V-Bottom', so the pair is likely going to reach the 55 Moving Average. If this line acts as resistance next...

Increased worries about the no-deal Brexit pulled the pound down.

It's likely that the price is going to reach the nearest resistance at 1.2851 - 1.2877. This area could be a departure point for a decline...

Technical and fundamental market analysis…

We should keep an eye on the closest support at 1.2705 - 1.2665 as the next bearish target...

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.

It seems that August is going to be a very interesting and eventful month, and traders will have a lot of profit opportunities…

The market found support at 1.2705, so there's an opportunity to have an upward correction...

On the daily chart, EUR/GBP tested the upper border of the 0.8700-0.9020 range. It was formed in line with the “Spike and ledge”.

The pair is going to test the closest resistance at 1.2877 - 1.2904 shortly. If a pullback from these levels forms little later on...