NZD/USD: is the correction over?
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
GBP/USD: pound is suffering
Recommendation:
SELL 1.2730
SL 1.2785
TP1 1.2630 TP2 1.2570 TP3 1.2080
On the daily chart, GBP/USD is forming a “Spike and reversal with acceleration”. Bears are dominating at the market. As long as the pair is below the trend line of the initial stage at 1.2920, it’s recommended to sell the pound on the recoveries.
On H1, GBP/USD bears reached targets of the “Shakout-Fakout” pattern. If the pair returns to the middle of the 1.2730-1.2790 consolidation range, it will be time to sell. There’s also reason to use the retest of resistance at 1.2730 for selling.
Ivan Karamazov
Similar
Trade setups for AUD/JPY
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
How to trade EUR/GBP?
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
Latest news
Moderna: is it still the leader in COVID-19 fight?
While biotech companies are struggling to find the vaccine, investors make bets who’ll win this race.
GBP: long-term risks
There are many things happening in the UK. What is the strategic outlook for the GBP?
AUD: bearish prospect
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?
Deposit with your local payment systems
