Tag - gbp

Bears are likely going to reach the nearest support at 1.3109 - 1.3087 during the day. This area could be a departure point for...

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are under the resistance of Senkou Span A.

GBP/JPY is currently facing a dynamic support around the 200 SMA at H1 chart and trades inside a demand zone established by our Fibonacci projections…

It was a volatile week for the British pound…

It seems like bears are ready to move on, so we could have a new local low soon...

Recommendations: BUY 0…

Narrowing bearish Ichimoku Cloud with falling Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, but on the strong support of 1.3100.

The 34 Moving Average is likely going to act as support in the short term. If a pullback from this line happens little later on...

The Moving Averages have acted as resistance, so there's a "Double Top" pattern, which led to the current consolidation...

Recommendation: SELL 1…

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in negative area, below the Kijun-sen.

The last "Double Bottom" pattern led to the current bullish price movement...