GBP/USD Price Analysis: Harmonic bearish patterns expose 1.22000 – by fx_ross GBPUSD Technical Analysis
A trip into the Fibonacci scale could be on the cards for the remainder of the week with 1.22 eyed., it was explained that the bulls took out a key resistance and so long as 1.2150 holds, there would be prospects of a rally towards 1.2350 and then 1.2450 for the days ahead:The price respected the support area and subsequently moved higher.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Price Analysis: Bears stay the course and eye trendline supportAs per the prior analyses, GBP/USD bears step up the pace, eye break of 1.2150s, and GBP/USD Price Analysis: Bulls look to 1.2450 while bears eye test
Read more »
GBP/USD Price Analysis: Sellers attack 1.2100 support during three-day downtrendGBP/USD Price Analysis: Sellers attack 1.2100 support during three-day downtrend – by anilpanchal7 GBPUSD Technical Analysis TrendFollowing ChartPatterns SupportResistance
Read more »
GBP/USD Price Analysis: Bulls in control and eye 1.2350As per the prior analyses, GBP/USD Price Analysis: Bears stay the course and eye trendline support, the British Pound has managed to find its feet and
Read more »
GBP/USD Price Analysis: Further downside hinges on 1.2100 breakGBP/USD Price Analysis: Further downside hinges on 1.2100 break – by anilpanchal7 GBPUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Read more »
USD/JPY Price Analysis: 200-HMA probes recovery moves near 137.00USD/JPY Price Analysis: 200-HMA probes recovery moves near 137.00 – by anilpanchal7 Technical Analysis SwingTrading ChartPatterns SupportResistance USDJPY
Read more »
AUD/USD Price Analysis: Struggles to sustain above 0.6700 as 200-EMA caps upsideAUD/USD Price Analysis: Struggles to sustain above 0.6700 as 200-EMA caps upside – by Sagar_Dua24 AUDUSD SupportResistance RiskAversion DollarIndex Breaking
Read more »