the pair broke the descending trend line drawn from jan 2018 on Nov 2018 and it bounced after retesting it.
from the economic perspective, if US and China reached a trade agreement soon the pair will gather more positive momentum targeting 0.7240 then 0.7390.
SL should be placed under 0.7000
GBPUSD is getting ready to a strong bounce as it shown on the chart also there is a bullish Gartley pattern in formation process supporting buying from the green area, a good re-enter also is from 1.3920 which represent 61.8% fibo.
fundamentally GBPUSD always goes up in April, check that on the monthly frame.
Thank you and goodluck
COINBASE:BTCUSD declined rapidly to the current support level which may provide some supports recovery attempts to 10k and beyond
breaking this level will increase testing fibo 61.8% probalitiy near 8,240
any close above that level could send the currency to 6,500
BTCUSD is heading to 9500 after rejecting from the descending channel upper line (first Target), breaking that level opens the way to 9100 where buyers may emerge.
long term investor should buy after stabilizing above 12k
on the medium term fibo 61.8% would be the last chance for buyers
1- Positive divergence on MACD
2- Breaking the neck line would confirm the Head and Shoulders Pattern on 4H time frame
3- Breaking Resistance at 0.7335 supports the bullish outlook
1- USD is weak because of the Trump Decisions and FED concerns about weak inflation data which may enforce them to lower their ...
1- strong resistance at 200 MA on the weekly time frame
2- failed to break the range that contains pair's highs
3- rejecting from 61.8% on the 4h time frame
1- ECB government council may show their concerns towards EUR recent appreciation
2- risk aversion is supporting JPY
3- if the ECB disappoint ...