GBP/USD: bullish "Thorn"

GBP/USD: bullish "Thorn"


We've got a bullish "Thorn", so the price is consolidating. In this case, we should keep an eye on the nearest support at 1.2705 as an intraday target. If a pullback from this level happens, bulls will probably try to test the next resistance at 1.2793 - 1.2830.


The price is consolidating between the levels 1.2768 - 1.2705. In this case, bears are likely going to reach the nearest support at 1.2705 during the day. If we see a pullback from this level, there'll be an option to have a new local high.



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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