GBPUSD trades the lows level since December 23. Sellers in control.

BY admin admin

The GBPUSD continued its fall in trading today extending below its 61.8% retracement of the move up from the December low to the January high at 1.33838, and also moving into a swing area started in November and continuing in December.

GBPUSD on the daily chart tests a swing area

Th

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

The IndeX Files 19-05-2020

<h2>Risk Sentiment Supported Amidst Vaccine Hopes</h2> <p>Global equities benchmarks are in the green across the board today as the week continues in a positive tone for investors. N

Forex

France May final services PMI 31.1 vs 29.4 prelim

Latest data released by Markit – 3 June 2020 – Prior 10.2 – Composite PMI 32.1 vs 30.5 prelim – Prior 11.4 For bank trade ideas, check out eFX Plus The preliminary report can b

Forex

Gold Prices on Edge ahead of Key US Jobs Data, Trade Setups on XAU/USD

This article focuses on the technical and fundamental outlook for gold, analyzing important price levels that should be on every trader's radar ahead of the November U.S. nonfarm payrolls report.

Copyright © 2024 | WordPress Theme: Xews Lite