"The recent turn up in GBPUSD is catching a little more attention with price action looking potentially positive on the short-term charts. Firstly, Cable is testing three-month trend resistance off the July high at 1.6150 today (the 40-day MA lurks just above at 1.6184– versus today’s high of 1.6183).
Secondly, the rebound from the October low may be forming an inverse Head & Shoulders reversal, the neckline of which (1.6157) today’s push higher has also tested. The formation…
Today, we have a fun exercise where you can participate and have a chance to win a GREAT Prize!
All you have to do is read this short GBPUSD analysis from FXStreet's Analyst Valeria Bednarick published today at FXStreet and placed below, and post a quick comment with your opinion. Just share with us your technical view about the GBPUSD.…
Outlook: Play the range
ST Resistance: 0.7950 (ahead of 0.8050)
ST Support: 0.7800 (ahead of 0.7700)
NZD struggled to break below 0.7800 last week. A breach of that will set investors on notice for a test of 0.7700, which remains the major support albeit a distant one. On the topside, a trip through…
"EURUSD formed a bullish piercing line reversal on the weekly chart at the start of the month but limited follow through interest above 1.2850 leaves recovery scope looking fairly limited at present. At best, the weekly chart supports the impression from the dailies of a stalled move lower but there is little or…Continue