GBP/USD Price Analysis: Bears throwing in the towel, weekly VWAP eyed By ross_burland GBPUSD Technical Analysis
ighs with a daily close above it, the weekly VWAP that has a confluence of the 24 September 2020 lows around 1.2675 will be key and a 38.2% Fibo thereafter. The following illustrates the prospects of a bullish reversal in the coming days into month-end:As illustrated, the price is now well below the Volume Point of Control, which is about the 50% mean of the monthly rotation channel's range, and while there is room to go to the downside, it is meeting a critical level.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GBP/USD Price Analysis: Bulls guarding weekly support, eyes on correctionGBP/USD is an interesting schematic on the charts. Following a negative start to the week, where the weekly chart has extended further to the downside
Leer más »
Breaking: GBP/USD breaks 1.26 the figure as risk-off tensions mountGBP/USD has dumped on Tuesday in widespread risk-off, breaking below 1.26 the figure in a fresh bear-cycle low for 2022: GBP/USD daily chart A number
Leer más »
GBP/USD Forex Signal: Sterling Getting OversoldPlace trades for $GBPUSD today using our Forex signal: forexsignals forexsignal FX forextrading
Leer más »
GBP/USD Price Analysis: Downside pressure from greenback bulls exposes a drop to near 1.2500GBP/USD Price Analysis: Downside pressure from greenback bulls exposes a drop to near 1.2500 By Sagar_Dua24 GBPUSD Technical Analysis ChartPatterns Momentum SupportResistance
Leer más »
EUR/USD Price Analysis: Recovery remains capped below 1.0746EUR/USD is consolidating the recovery above 1.0700, as the bulls lack the follow-through upside bias, despite the improving market mood and a broad US
Leer más »
AUD/USD Price Analysis: Bulls stepping in and eye a significant correctionAUD/USD is correcting the heavy losses from the start of this week and is higher by some 0.2% at the time of writing after rallying from a low of 0.71
Leer más »