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 ...
-
Our pivot point is at 3.47. Our preference: as long as 3.47 is support look for 4.22. Alternative scenario: the downside breakout of 3....
-
Pivot: 0.825 Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension. Alternative scenario: Above 0.825 lo...
-
Pivot: 21.45 Our preference: SHORT positions below 21.45 with targets @ 20.6 & 20.35. Alternative scenario: The upside penetration of 21...
