GBP/USD: key technical levels
GBP/USD is having a third bullish week in a row.
Apple’s stock is at risk
Trade idea
SELL 203.80; TP1 200.00; TP2 197.50; TP3 191.50; SL 205.00
The stock of Apple formed a bearish candlestick with a very long upper shadow on W1 and closed below the 2018-2019 resistance line. This is a big bearish technical development. In addition, bear in mind that Apple is extremely vulnerable to the increasing trade tensions between the United States and China. As a result, this week the stock’s price will likely stay under the negative pressure. Our targets are at 200.00 (psychological level), 197.35 (50-, 100-day MAs )and finally 191.50 (50-week MA). Resistance is at 208.00 and 215.00.
Elizabeth Belugina
Similar
AUD/USD turned down
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
EUR/AUD has some fuel
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
Latest news
GBP/USD: key technical levels
GBP/USD is having a third bullish week in a row.
AUD/USD turned down
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
EUR/AUD has some fuel
EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
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