GBPUSD found a support yesterday 30 pips above 1.5000 psychological
level from where intra-day bulls lift the pair in impulsive manner back above
1.5200 level. Notice that prior that rally, pair made actually only three waves
down from 1.5260 high, which is structure of a corrective move. As such, we
believe that this was only wave B) pull-back, part of a three wave rally in
wave (4) headed up to 1.5350-1.5400. Pair remains in bullish mode for now as
long as 1.5030 support is not breached.
USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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Pivot: 1.2105 Our preference: Long positions above 1.2105 with targets @ 1.2135 & 1.215 in extension. Alternative scenario: Below 1...
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Pivot: 30.60 Our preference: LONG positions above 30.6 with 31.25 & 31.7 in sight. Alternative scenario: The downside penetration o...
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GBPUSD is in sharp uptrend for the past two days, which was expected from a technical point of view after five waves down in red wave 5...
