Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/JPY falling inside minor ABC correction (ii)
2019-11-11 • Updated
- GBP/JPY falling inside minor ABC correction (ii)
- Next sell target - 139.00
GBP/JPY has been falling in the last few trading sessions inside the c-wave of the minor ABC correction (ii) from the start of July. The active wave started when the pair reversed down from the powerful resistance area located between the long-term resistance level 148.00 (top of the previous impulse waves (1) and 1 and (i)) and the upper daily Bollinger Band. GBP/JPY is expected to fall further to next sell target at the next round support level 139.00 (bottom of the previous minor ABC correction 2 from June).
Similar
Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
GBP/USD Near Supply Zone
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Latest news
How Will Amazon Price React To The Split?
What will happen? Amazon announced the company is going to make a 1 – 20 stock split on June 3 after the trading session close (23:30 GMT+3)…
CONSUMPTION AND ITS INFLUENCE ON THE ECONOMY
How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…
CREDIT CYCLES IN THE ECONOMY AND THE BRAZILIAN CASE
Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…
