Type: Bearish ReversalKey Levels:Resistance: 1.85595Pivot: 1.8496Support: 1.83994Preferred Case:Price broke out of the ascending trendline support, signifying a bearish momentum. We can expect price...
GBPAUD, H4 | Bullish Continuation
Type: Bullish RiseKey Levels:Resistance: 1.87588Pivot: 1.87013Support: 1.86572Preferred Case:Price is abiding to the ascending trendline support, signifying an overall bullish momentum. We can expect...
Market Spotlight: GBPAUD Approaching Second Target
GBPAUD Continues OnThe recent GBPAUD breakout trade is now on course to hit the second target at 1.8739. Following the test of the initial target at 1.8578 we saw price consolidating briefly, while...
Market Spotlight: GBPAUD Hits First Target
GBPAUD On The MoveThe breakout trade in GBPAUD has hit its first target at the 1.8578 level, where the channel top is offering additional resistance. Despite the moves lower in GBP today, GBPAUD is...
Market Spotlight: GBPAUD Breaking Out
GBPAUD Turns HigherThe recent block of consolidation in GBPAUD is finally resolving now with price breaking out above the 1.8438 level. A solid string of data release from the UK this week (labour...
Market Spotlight: Watching GBPAUD Channel Break
GBPAUD Downside OpportunitiesWith GBP selling off across the board this week, there is plenty of interesting price action to note. One chart catching my eye in particular is GBPAUD. Price has recently...
GBP Higher on Record Manufacturing PMI
The latest round of UK economic data today has helped lift the British Pound further. Following news earlier in the week that UK inflation had more than doubled over the last month, the latest set of...
GBPAUD Breaks Out As UK Inflation Doubles in April
Inflation Jumps in April The British Pound has been given yet a further boost today with the latest inflation data from the Office for National Statistics showing that consumer prices more than...
Market Spotlight: GBPAUD Breakout Trade
GBPAUD At Breakout Point GBPAUD is at an interesting point here where the ascending triangle pattern, which has frame the last few months of price action, looks poised to break higher. The break above...
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