Tag - gbp

Britain’s economy recorded its weakest annual growth since 2013 in the second quarter of the year…

The price is consolidating in a range of the developing "Wedge". So, the upper side of this pattern is likely going to be broken soon.

Narrow bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling Kijun-sen, but rising Tenkan-sen; the prices are on the strong support inside a Cloud.

EUR/GBP reversed from support zone Next buy target - 0…

The market is consolidating between the levels 1.3444 - 1.3328. At the same time, there's a downward "Wedge", so the pair is...

Recommendations: BUY 0…

Narrow bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling Kijun-sen; the prices are on the strong support inside a Cloud.

There's a downward "Wedge", so the market is likely going to decline towards the nearest support at 1.3328 - 1.3278...

The local uptrend has been broken, so the pair is likely going to decline in the direction of the next support...

Recommendations: SELL 1…

Bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, with the falling lines; the market entered into the cloudy area and may go lower to the support of Senkou Span B.

The 89 Moving Average has acted as support, so we could have a local upward correction. However, if the 34 MA acts...