GBPUSD
GBPUSD moved quite slowly yesterday after correcting its MA8. The price was no longer able to break support 1.06417 for the second time and kept going back and forth to resistance 1.07258 which is also the current MA8. Use a breakout strategy on Cable if you want to enter this pair. Also be aware of the Daily correction which has the potential to reach 1.10000
It is better to wait for the clarity of the trend before entering this pair.
R3 1.12016
R2 1.10793
R1 1.08693
PV 1.07258
S1 1.06417
S2 1.05237
S3 1.03984
GBPUSD moved quite slowly yesterday after correcting its MA8. The price was no longer able to break support 1.06417 for the second time and kept going back and forth to resistance 1.07258 which is also the current MA8. Use a breakout strategy on Cable if you want to enter this pair. Also be aware of the Daily correction which has the potential to reach 1.10000
It is better to wait for the clarity of the trend before entering this pair.
R3 1.12016
R2 1.10793
R1 1.08693
PV 1.07258
S1 1.06417
S2 1.05237
S3 1.03984