GBP/USD broke resistance area

GBP/USD broke resistance area

  • GBP/USD broke resistance area
  • Next buy target - 1.4000

GBP/USD recently broke through the resistance area lying between the resistance levels 1.3550 (top of the previous minor impulse wave 1) and 1.3670 (which stopped the previous impulse wave (1) in September). The breakout of this resistance area accelerated the active impulse waves 3 and (iii). GBP/USD is expected to rise to the next buy target at the next resistance level 1.4000 (intersecting with the resistance trendline of the daily up channel from June).



GBP/USD: bullish 'Doji'

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


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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