GBP/USD: price near the last high

GBP/USD: price near the last high


There's a consolidation, which is taking place below resistance at 1.2705. So, the pair is likely going to achieve the 34 Moving Average in the short term. If we have a pullback from this line, bears will have a green light to reach the closest support at 1.2634 - 1.2581.


The price is near the last high. Considering that there isn't any reversal pattern so far, the pair is likely going to test the next resistance at 1.2722 - 1.2757. If a pullback from these levels happens, we should keep an eye on the nearest support at 1.2643 - 1.2581 as an intraday bearish target.



GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...


Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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