USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
GBP/USD: good signals for the GBP
Recommendation:
BUY 1.3235
SL 1.318
TP1 1.3295 TP2 1.3395 TP3 1.352
On the daily chart of GBP/USD, bulls managed to hold the pair above the support at 1.3065 and above the upper boundary of the downward channel. To continue the rally to the 161.8% target of the AB=CD pattern, they need to break the 1.327-1.332 convergence.
On H1, a break of the resistance at 1.3235 will let bulls continue the movement up to targets of «Wolfe waves” and AB=CD patterns.
Ivan Karamazov
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Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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