Technical Analysis of GBP USD
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Ichimoku Kinko Hyo USD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook. Fibonacci Levels XAG/USD: Silver stands lower on the key retracement area of 38.2%. It seems that bulls lose control for another day....
22.01.2021
6
GBP/USD was above 1.37 a while ago, spent some time there, and went downwards. We were correct to expect that it would reverse the gains adn go down. 1.3650 seems to be the target for bears now. What will they do? Primary scenario: the bearish wave will not exhaust itself until it goes through the s...
22.01.2021
4
22.01.2021EURUSD, “Euro vs US Dollar”EURUSD has completed ascending wave at 1.2170 along with the correction towards 1.2135; right now, it is returning to break 1.2170 to the upside. Possibly, today the pair may grow to reach 1.2203 and then fall to get back to 1.2170, thus forming a new consolidati...
22.01.2021
10
GBP/USD is gradually making a big breakthrough both on a strategic and tactical level. In the long term, 1.37 is the gateway to the highs of 2017. Therefore, the pair is now in the four-year resistance zone. 1.43 is the long-term target for bulls. It may take a few months – or weeks – for GBP/USD to...
21.01.2021
3
21.01.2021EURUSD, “Euro vs US Dollar”EURUSD has completed the correction at 1.2082; right now, it is forming another ascending wave towards 1.2170 and may later consolidate around this level. If the price breaks this range to the upside, the market may resume growing with the short-term target at 1....
21.01.2021
17