Tag - gbp

Bulls faced resistance at 1.2945, so the pair is likely going to achieve the closest support at 1.2901 in the short term.

Narrowing bearish Ichimoku Cloud and horizontal Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen under the Cloud; the prices broke the Cloud’s resistance and entered into the positive area.

We've got a bullish "Triangle", so we should keep an eye on the next resistance at 1.2935 - 1.2952 as an intraday target.

Sterling was really volatile in the course of the past week as we approach the general election on 8 June…

The price is consolidating along the Moving Averages. Considering the double pullback from resistance at 1.2913...

Bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen under the Cloud; the market can’t breaking out the Cloud’s resistance.

GBP/AUD reversed from combined support zone Next buy target - 1…

The price faced resistance at 1.2913, so we've got a "V-Top" pattern, which pushed the price lower.

Recommendation: BUY 1,2865 SL 1,281 TP 1,3025, SELL 1,28 SL 1,2855 TP 1,264…

There's a consolidation, which is taking place on the four-hours chart. Moreover, we've got a "Flag".

The pair faced support at 1.2755, so there's a "Double Bottom", which has been confirmed.

The last upward trend has been broken, so the price meet with support at 1.2755, which led to forming a "V-Bottom" pattern.