Tag - gbp

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.

The market is likely going to test the next resistance at 1.2911 – 1.2945 during the day.

We’ve got a “Pennant”, so the market is likely going to achieve the closest resistance at 1.2911 – 1.2945 in the short term.

The pound strengthened to its highest this year after UK Prime Minister Theresa May called for a snap election on June 8, seeking a personal mandate and parliamentary support to take her through tough Brexit talks…

The pound strengthened to its highest this year after UK Prime Minister Theresa May called for a snap election on June 8, seeking a personal mandate and parliamentary support to take her through tough Brexit talks…

The price is consolidating between the levels 1.2865 – 1.2774. The 34 Moving Average is going to act as a support.

On the GBP/USD daily chart, there is a consolidation after a sudden rebound…

Bulls faced a resistance at 1.2951, so we’ve got a “V-Top” pattern, which pushed the price to a support at 1.2774.

Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are on the local support; but the market is overbought.