Tag - gbp

All the Moving Averages have been broken, so bulls faced resistance at 1.2958. Nevertheless, the price is likely going to...

The 55 Moving Average has acted as resistance, so we've got a "V-Top" pattern on this line. Therefore, bears are likely going to...

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the Bulls entered into the cloudy area and may go to 3W-highs.

The outlook for the British pound is still clouded by concerns about Brexit risk and economic fundamentals…

GBP/USD made another break to the downside…

The price is consolidating between the levels 1.2768 - 1.2831. The main bearish target is the next support at 1.2768.

Bears faced support at 1.2768, so the price is consolidating. In this case, we should keep an eye on the nearest resistance...

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, with falling lines; the local market is oversold, waiting for correction to Tenkan-sen.

The last "Double Top" pattern led to a massive decline. The main intraday target is the closest support 1.2793 - 1.2768.

Recommendation: SELL 1…

GBP/CAD broke major support level 1…

There's a consolidation, which is taking place near the Moving Averages. The market is likely going to reach the closest support.