Monday, January 23, 2017
Good rally on the Pound
The
GBP/USD has had very volatile sessions during the past two days, but the rally
seems to be in place after it broke above the 55 day EMA, around the 1.2372
level. It seems like it will reach the 1.2600 level, which could act as
resistance. For now the pair stays above the 1.2500 level. Above the 1.2600
level, the pair could have the road clear all the way to the 1.2800 zone. In
case the pair comes back down and breaks below the 55 day EMA, then the 1.2300
level could act as support, followed by the 1.2200 level, the 1.2100 level and
finally the most important support zone is at the 1.2000 level.
Subscribe to:
Post Comments (Atom)
WTI oil at the 200 day EMA
WTI oil breaks below the 66.27 support zone and accelerates its bearish momentum towards the 200 day EMA around the 64.30 level. We have b...
-
Great events, great Webinars during this month of November by ActivTrades. Paul Wallace will be conducting an interesting event on Thursday... -
The Dow Jones industrial index reaches for the first time in its lifetime the 20000 points, prolonging what it has come to be known as “the ... -
The EUR/USD has made a very good bearish retracement from the 200 day EMA around the 1.0770 level, which has taken it below the 1.0700 leve...
Looks like it will keep pushing higher.
ReplyDeleteI think it will continue climbing.
ReplyDeleteExcellent Analysis! Thanks.
ReplyDeleteBest performance for Pound.
ReplyDeleteGreat take on markets!
ReplyDeleteGreat analysis!
ReplyDeleteThat's good to know, thanks.
ReplyDeleteInteresting read.
ReplyDelete