GBPUSD Daily Analysis – June 14, 2018
GBPUSD extended its downside movement from 1.3472 to as low as 1.3308. As long as the price is below the falling trend line on its 4-hour chart, the downside movement could be expected to continue and next...
Tag: GBPUSD
GBPUSD Daily Analysis – June 13, 2018
GBPUSD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.3472. Further decline would likely be seen and next target would be at 1.3250 area. On the upside a breakout...
GBPUSD Daily Analysis – June 12, 2018
GBPUSD’s downside movement from 1.3472 extended to as low as 1.3344. Further decline could be expected in the coming days, and next target would be at 1.3250 area. Resistance is at the falling trend line on the...
GBPUSD Daily Analysis – June 11, 2018
GBPUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.3204 had completed at 1.3472 already. Another fall could be expected and next target would...
GBPUSD Daily Analysis – June 8, 2018
GBPUSD extended its upside movement from 1.3204 to as high as 1.3472. Another rise could be expected after a minor consolidation and next target would be at 1.3550 area. Near term support is at the bottom of...
GBPUSD Daily Analysis – June 7, 2018
GBPUSD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 1.3204. As long as the price is in the channel, the upside movement could be expected to continue and next...
FTSE Elliott Wave View: Buying Opportunity Soon
FTSE short-term Elliott wave view suggests that the rally to 7903.50 high on 5/22/2018 peak ended primary wave ((1)). This rally to 7903.5 starts from 3/23/2018 low and took the form of an impulse Elliott wave structure. The index is...
GBPUSD Daily Analysis – June 6, 2018
GBPUSD stays above a rising trend line on its 4-hour chart and remains in the uptrend from 1.3204. As long as the trend line support holds, the uptrend could be expected to continue and next target would...
GBPUSD Daily Analysis – June 5, 2018
GBPUSD extended its upside movement from 1.3204 to as high as 1.3398. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
GBPUSD Daily Analysis – June 4, 2018
GBPUSD’s bounce from 1.3204 extended to as high as 1.3361. Further rise could be expected in a couple of days and next target would be at 1.3400, followed by 1.3617. Support levels are at 1.3250 and 1.3204,...