GBPUSD quick long and back to short, price now at a 0.618 fib retracement at 1.30 psycho level, as well 50EMA of the daily but bearish momentum is present with two huge bearish candles on the daily, weekly printed a bearish engulfing so no reverse at this time from a weekly resistance. Perhaps buying now as there should be some buying pressure at this level but...
Expecting further resistance after 1285 region back down, then will analyse to see where Gold will take us later in the week. Follow and listen out for further updates!
Quick short here on AUDUSD DAILY, price has broken the CTL and also the range highlighted in blue. D1 target ideally at 0.7550 however prices could most likely test 0.75 as a continuation of the recent bearish pressure.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
