GBP/USD: price is consolidating

GBP/USD: price is consolidating

2-2-2018-GBP-H4 (1).png

The price is consolidating between the nearest resistance at 1.4284 and the 34 Moving Average. It's likely that the price is going to test the closest support at 1.4015 - 1.3979. If a pullback from this area happens, bulls will probably try to reach the next resistance at 1.4205 - 1.4284.

2-2-2018-GBP-H1 (1).png

There's a confirmed "Double Top", so bears are likely going to achieve the nearest support at 1.4024 - 1.3979 in the coming hours. Meanwhile, if we have a pullback from these levels, bulls will have a green light to reach another resistance at 1.4232 - 1.4284.



DAX buscando nuevos altos por encima de 12,500

El DAX ha estado favorecido por los toros en el corto plazo, tras una recuperación vivida desde los bajos del 13 de Marzo, en donde hubo una aproximación al nivel Fibonacci de 50% en 12099…



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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