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 under strong resistance
2019-11-11 • Updated
Technical levels: support – 1.2530; resistance – 1.2550, 1.2590.
1. Sell — 1.2550; SL — 1.2570; TP1 — 1.2430; TP2 — 1.2400.
Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under daily resistance; the local market is overbought.
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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