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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting within a Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2685 is expected, followed by a rise to 1.2835. An additional signal confirming the rise will be a rebound […]

TitleGBP/USD Day I Potential bullish bounce? TypeBullish Bounce Preference: Wait for price to pullback at our pivot point of 1.2634, which serves as a pullback support level. A bounce from this point could lead the price to rise to the 1st resistance at 1.2814, a swing-high resistance. Alternative scenario:However, if the price breaks below the […]

US GDP in Focus The first look at Q3 US GDP rolls in today and markets are looking for a 5% reading, up from 4.9% in the prior quarter. On the back of the volatility we’ve seen in USD this week, and the constant debate around the Fed outlook, the data is drawing plenty of […]

EURUSD, “Euro vs US Dollar” EURUSD has formed a Shooting Star reversal pattern near the resistance level on H4. Currently, the instrument could go by the reversal signal in a corrective wave. The pullback target could be the support level at 1.0950. However, the quotes might rise to 1.1050 and continue their upward movement without […]

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes and the RSI have reached the oversold areas on H4. In this situation, the quotes are expected to rebound from the 0/8 (146.87) level and rise to the resistance at 2/8 (148.43). The scenario can be cancelled if they break the 0/8 (146.87) level downwards. In this […]

TitleEUR/USD H4 I Falling to support level? TypeBearish Drop Preference: The price is falling from our pivot point of 1.099,  A reverse from this point could lead the price to fall to the 1st support at 1.0959, a pullback support level Alternative scenario: However, if the price breaks above the pivot, it might rise to […]