GBP/USD reversed from support zone

GBP/USD reversed from support zone

  • GBP/USD reversed from support zone
  • Next buy target - 1.3430

GBP/USD recently reversed up from the support zone lying between the long-term support level 1.3100 (which has been reversing the price from last October, as can be seen below) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the previous minor impulse wave 3. GBP/USD is expected to rise further toward the next buy target at the next resistance level 1.3430 (top of the previous wave (2)).

gbp

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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.

gbp

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