- Barclays reversed from support area
- Likely to rise to resistance level 386.5
Barclays recently reversed up from the support area between the pivotal support level 370.00 (which has been reversing the price from August), lower daily Bollinger Band and the support trendline of the daily down channel from September.
The upward reversal from this support area is likely to form the daily Japanese candlesticks reversal pattern Morning Star.
Given the strong multi-month uptrend, Barclays can be expected to rise to the next resistance level 386.5 (which reversed earlier waves i and b).
By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.