Last week because of rise in DXY, GBPUSD broke it's strong resistance level. Right now price level trading near a strong support line; 1.17900. It is seems that by next week price level will do correction on the support line. Anyone thinking about going short, be aware of the two levels.
Watch for bullish price action such as a pin bar or engulfing candle from the 1814.69 support area. Key resistance comes in at 1828.49. Alternatively, a daily close below 1814.69 area could send the pair lower to 1796.74.
USDMXN Bullish Confluence Factors
Level: EMA 10 Dynamic Level is above EMA 20 Dynamic Level; Four or more touches on horizontal support resistance level
Signal: "Wait For Price To Close Above 20.88690 and then watch for a bullish price action signal near price level 20.88690."
USDSGD Pin Bar Trading Strategy
Exponential Moving Averages (Dynamic Support Level)
Horizontal Support Level
The confluence factors are TREND LEVEL SIGNAL.
LEVEL: Horizontal Support, Dynamic Support
SIGNAL: Pin Bar
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