Short Term Elliott Wave view in Light Crude Oil (CL_F) suggests cycle from 12.6.2024 low is in progress as an impulse. Up from 12.6.2024 low, wave ((i)) ended at 71.44. Pullback in wave ((ii)) ended at 68.42 as the 1 hour chart below shows. The instrument extends higher in wave ((iii)) with subdivision of an […]
Key Highlights GBP/USD started a fresh decline below the 1.3120 support. A connecting bearish trend line is forming with resistance at 1.3025 on the 4-hour chart. Gold prices rallied to a new all-time high above $2,740. EUR/USD declined further and traded below 1.0820. GBP/USD Technical Analysis The British Pound started a fresh decline below the […]
The post GBP/USD Extends Losses: Can The Pair Find Support Soon? appeared first on Action Forex.
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