GBP/USD -27/6/2023-
• The pair broke below the ascending trend line in May, one that has been intact since Oct 2022
• Bulls managed to break above the line in mid June but failed to sustain the move
• Bulls and bears are now fighting around the trend line from above and below
• Either of the two needs consecutive big bars above or below the line to get the upper hand
• Immediate support comes at 1.2690-1.27 ( previous resistance that became support ) followed by 1.245 (previous resistance became support)
• Markets are assessing the economic situation in the UK as the central bank keeps raising interest rates to fight the sticky inflation might eventually hurt the economy
• Trend remains bullish as long as above the 1.2690-1.27 and bears need a break below that level to get back in control
• Bulls managed to break above the line in mid June but failed to sustain the move
• Bulls and bears are now fighting around the trend line from above and below
• Either of the two needs consecutive big bars above or below the line to get the upper hand
• Immediate support comes at 1.2690-1.27 ( previous resistance that became support ) followed by 1.245 (previous resistance became support)
• Markets are assessing the economic situation in the UK as the central bank keeps raising interest rates to fight the sticky inflation might eventually hurt the economy
• Trend remains bullish as long as above the 1.2690-1.27 and bears need a break below that level to get back in control
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.