Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
GBP/USD: pound is oversold
2019-11-11 • Updated
Technical levels: support – 1.2700; resistance – 1.2810, 1.2860
- Buy — 1.2740/50; SL — 1.2720; TP1 — 1.2810; T2 — 1.2860.
Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun; the prices is under pressure of Kijun but the market is oversold and expected a correctional movements.
This article will analyze the possible scenarios for the EU, and what's more important, look at the charts. There is a lot to see, let's go!
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