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 updated October’s lows
2019-11-11 • Updated
Technical levels: support – 1.2660; resistance – 1.2750.
- Sell — 1.2750; SL — 1.2770; TP1 — 1.2700; TP2 — 1.2660.
Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market is oversold, expecting correction to Tenkan-sen.
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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