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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD has secured above the support level. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2415 is expected, followed by a decline to 1.2235. An additional signal confirming the decline will be a rebound from the upper […]
EURUSD, “Euro vs US Dollar” On H4, near the resistance level, EURUSD has formed a Harami reversal pattern. Currently, the instrument is going by the reversal signal in a descending wave. The decrease target could be 1.0695. However, the price might correct to 1.0770 and continue the downtrend after testing the resistance. USDJPY, “US Dollar […]
Bailey Admits Mistakes Bank of England governor Andrew Bailey has come under fire over comments made during a speech yesterday where he admitted that the BOE had made mistakes over its response to rising inflation. The BOE was widely criticised for not acting early or aggressive enough with its monetary tightening. In comments yesterday, Bailey […]
TitleAUDUSD H4 | Bounce off 1st support TypeBullish Bounce Preference: Price is falling to our pivot point of 0.65787 which is a swing low support level. A bounce from here. price could rally to 1st resistance at 0.66063 which is a pullback resistance level Alternative scenario:However, of price breaks below the pivot, it could fall […]
The British pound looks neutral against the US dollar. The current GBPUSD quote is 1.2450. This morning’s statistics from the UK provided food for thought. Inflation fell to single digits for the first time in eight months. At the same time, the indices for services and base prices have risen at the fastest rate in […]