After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.
GBP/USD: the British pound is getting stronger
2019-11-11 • Updated
TP1 1.3290 TP2 1.3315 TP3 1.3525
On the daily chart of GBP/USD, bulls could return the pair to the upper border of the downward channel. If they break it and cross the resistance at 1.3065, the odds of the implementation of AB=CD and “Bat” patterns with 127.2% and 88.6% targets will increase.
On H1, bears could not pull the price lower the support at 1.283 (23.6% of the previous downward wave). It shows the weakness of the sellers. If the resistances at 1.3135 and 1.2190 are broken, the price will go up.
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