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TitleGBPUSD H4 | Bounce off support level? TypeBullish Bounce Preference: Price is falling to our pivot point of 1.28511 which is a pullback support level that aligns with 50% Fibo retracement. A bounce off from here, price could rally to 1st resistance at 1.3136. Alternative scenario: However, if price breaks below the pivot, it could […]

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GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is correcting after an aggressive rise. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper boundary of the Cloud at 1.2945 is expected, followed by a rise to 1.3185. An additional signal confirming the rise will be a rebound […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Shooting Star reversal pattern near the resistance level. Currently, the instrument is going by the reversal signal in a corrective wave. The pullback target might be 1965.00. Upon testing the support level, the price could get a chance to rebound from it and continue the uptrend. […]