GBPUSD reversed from support level 1.2840 Likely to rise to resistance level 1.3050 GBPUSD currency pair recently reversed up from the support level 1.2840 (which stopped the previous intermediate correction (A) at the end of October). The upward reversal from the support level 1.2840 created the daily Japanese candlesticks reversal pattern Piercing Line. Given the […]
May 22, 2024
Market Analysis: GBP/USD Climbs Steadily While EUR/GBP Struggles
GBP/USD is gaining pace above the 1.2640 resistance. EUR/GBP declined steadily below the 0.8565 and 0.8550 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2700. There is a key bullish trend line forming with support near 1.2690 on the hourly chart of GBP/USD at […]
The post Market Analysis: GBP/USD Climbs Steadily While EUR/GBP Struggles appeared first on Action Forex.
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