GBP/USD: 55 MA acting as resistance

GBP/USD: 55 MA acting as resistance

1707usdjpyH4-1.png

The price is consolidating along the "Window". The 55 Moving Average is acting as resistance. In this case, the pair is likely going to achieve the 144 MA in the short term.

1707usdjpyH1-1.png

There's a bearish "High Wave", which has been confirmed enough. So, the market is likely going to test the lower "Window". If any bullish pattern arrives afterwards, we could have an upward price movement towards the Moving Averages.

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Similar

GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...

gbp

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

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