We continue to look for more downside pressure here. However, we expect a minor rally close to resistance in the 141.44 - 141.54 area before the pair declines to minor resistance at 140.09. If it breaks above this level, it will confirm renewed downside pressure to the ideal target near 138.35
R3: 141.82
R2: 141.44
R1: 141.10
Pivot: 140.55
S1: 140.25
S2: 140.10
S3: 139.85
Trading recommendation:
We will re-buy GBP near 138.35
The material has been provided by InstaForex Company - www.instaforex.com
Bitcoin remains below $100,000, which is a concerning signal for traders. The recent price update to $93,000 and the lackluster buying activ...
Last week, the EUR/USD pair ended with a slight 0.10% decline but posted a weekly gain of 0.51%, amid reduced risk appetite amid specul...
Analysis of Transactions and Trading Tips for the Japanese Yen The price test at 154.66 coincided with the MACD indicator just beginning to...
The EUR/USD currency pair traded very sluggishly for most of the day on Wednesday. This is not particularly surprising, as there were n...
Trend Analysis (Fig. 1). On Friday, from the level of 1.3187 (yesterday's daily candle close), the market may begin moving downward tow...
Gold is trading around $4,117 with a strong upward movement after finding good support around 6/8 Murray located at $4,062. Gold reboun...
Bitcoin has fallen below $100,000, which is a rather alarming signal for traders. Ethereum is also trading around $3,100, preparing to test ...
Download NOW!
No comments:
Post a Comment