GBP/USD is aiming for new highs

GBP/USD is aiming for new highs

Recommendation:

BUY 1.3275

SL 1.3220

TP1 1.3375 TP2 1.355 TP3 1.3785

On the daily chart, GBP/USD pulled back after 88.6% target of the “Bat”. Bulls managed to defend 1.3050-1.3065 and play the Inside bar. The odds of AB=CD pattern and its 200% target increased.

GBPUSD daily.png 

On H1, GBP/USD rose from the upper border of the downtrend channel and support at 1.3085. This means that bulls are still having the initiative. They aim to continue the rally towards 161.8% of the “Crab”.

GBPUSD h1.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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