Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
GBP/USD: confirmed 'Double Top'
There's a 'Double Top', which has been confirmed. So, the market is likely going to test the next support at 1.2811 - 1.2773 within the next few hours. If a pullback from this area happens next, there'll be a moment to have an upward price movement towards 1.2911 - 1.2957.
The 34 Moving Average has acted as support, so the price is consolidating. It's likely that the pair is going to test the nearest important support at 1.2811 - 1.2791. This area could be a starting point for a bullish price movement in the direction of 1.2911 - 1.2935.
While biotech companies are struggling to find the vaccine, investors make bets who’ll win this race.
There are many things happening in the UK. What is the strategic outlook for the GBP?
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?