GBP/USD technical analysis: A tight range of trading showing weakness of movement
GBP is trading very weak and failed to stabilize above 1.2795. Trading remained below the mentioned level most of the time, weakening the upside potential and showing that the pair does not have bullish momentum.
GBPUSD 29 May
1 ene. 0001 12:00 |The pair has fallen back breaking support at 1.2845, we expect further decline to next support at
Gold 30 May
1 ene. 0001 12:00 |Prices has fallen back today for testing level of 1262$, we expect that prices would rise again
USDJPY 7 June
1 ene. 0001 12:00 |Prices are moving currently between support at 109.20 and resistance at 109.60, we expect
USDCHF 21 July
1 ene. 0001 12:00 |Currently the pair is moving into a descending channel, it is trading now near the bottom line
US Oil 4 August
1 ene. 0001 12:00 |As we expected that prices would decline from levels of 50$ which is a resistance at the upper line of the descending channel, currently Us Oil is trading near to 48.50$ and we expect further decline targeting 45$ then 42$.
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