GBP/USD: wedge helped bulls

GBP/USD: wedge helped bulls

Recommendation:

BUY 1.3025 SL 1.2970 TP1 1.3150 TP2 1.3250

SELL 1.2960 SL 1.3015 TP 1.2850

On the daily chart, GBP/USD formed junior and senior “3 Indians”. As a result, the pair declined to support at 1/2965. The break will strengthen the risks of a pullback towards the lower border of an uptrend channel.

GBP.png

On H1, GBP/USD is consolidating in the 1.2960-1.3025 area. A successful test of its lower border will allow expecting a continuation of correction towards 88.6% target of the “Shark” pattern. On the contrary, if there’s a “widening wedge”, the odds of the uptrend’s resumption will increase.

GBP2.png

gbp

Similar

XAU/USD: gold was captured by bulls

Recommendation: BUY $1327 SL $1312 TP $1357 TP2 $1395 On the daily chart, XAU/USD is under control of bulls, at least until the pair’s trading above $1306 an ounce…

Popular

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…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera