Tag - gbp

We’ve got a “Double Top”, which has been confirmed. At the same time, bulls are likely going to test the nearest resistance.

GBP/USD regained its ground after UK Prime Minister Theresa May surprised markets by calling a snap general election on June 8…

Bulls faced a resistance at 1.2945, so we’ve got a “Double Top”, which has been confirmed by the last “Exhaustion Gap”.

GBP/CAD broke resistance level 1…

The British pound spiked to 1…

The last “Pennant” pattern led to a new high. So, the market is likely going to test the nearest resistance at 1.2945 – 1.2995.

Expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are under strong resistance.

GBP/NZD rising inside sharp C-wave Next buy target - 1…

On the GBP/USD daily chart, "bulls" are trying to implement the "Splash and ledge" pattern…

Considering the last “V-Top” pattern, the market is likely going to reach the nearest support at 1.2726.

The last “Pennant” was broken, but bulls haven’t moved higher yet. So, the price is consolidating.

Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are on the support of Tenkan-sen and Kijun-sen.