GBP/USD on its way to resume the bullish bias

GBP/USD on its way to resume the bullish bias

GBP/USD is trading inside a bearish correction across the board and it managed to do a crossover between the 50 and the 200-hour moving average, which is helping to boost the bears to the downside. Currently, the pair is testing the 65% Fibonacci level at 1.4012, where a demand zone is established. If it does a rebound above such area, we can expect further gains toward the resistance level of 1.4243. However, if the 65% Fibo level gives up, then the next target would be the lows from March 16th.

RSI indicator stays in the negative territory, favoring to the bears.



AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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