Tag - gbp

Trading plan for January 17
Trading plan for January 17

The news on the Brexit progress and the updates on the trade negotiations between the US and China will affect the market today. Watch out to trade GBP/USD and AUD/USD.

GBP/USD is volatile
GBP/USD is volatile

The pound has made 2 sharp declines in January but then was bought back and quickly rebounded.

GBP/CHF is trying to rebound
GBP/CHF is trying to rebound

On W1, GBP/CHF is trading in a descending wedge. The pair recoiled from the pattern’s lower border and turned up.

GBP/USD: 'V-Top' pattern
GBP/USD: 'V-Top' pattern

The market is likely going to test the nearest support at 1.2796 - 1.2772. Meanwhile, if a pullback from these levels happens next...

GBP/USD: local 'Pennant' pattern
GBP/USD: local 'Pennant' pattern

The market is going to test the nearest support at 1.2706 - 1.2695. Meanwhile, a pullback from this level could lead to a bullish rally...

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