GBP/USD reversed from support zone
GBP/USD reversed from support zone Next buy target - 1…
GBP/USD: bulls going to test next resistance
The 55 Moving Average has acted as support, so there's a "V-Bottom" pattern, which pushed the price a little bit higher. Under this circumstances, we should keep an eye on resistance at 1.3023 - 1.3057 as the next bullish target. Meanwhile, if a pullback from this area happens, we could have a downward correction towards support at 1.2945 - 1.2913.
Bulls found support at 1.2883, so we've got a "V-Bottom" pattern, which led to the current consolidation. Therefore, bears are likely going to get support on the 89 Moving Average, which could be a departure point for another upward price movement in the direction of the next resistance at 1.2988 - 1.3023.
Sergey Logachev
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EUR/GBP reversed from resistance zone Next sell target - 0…
GBP/USD: local bullish correction is underway
The pair is likely going to reach the nearest support at 1.2957 - 1.2938 in the short term. This area could be a starting point for...
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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
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