Technical Analysis – GBPUSD finds strong wall near 1.2300; bullish correction on the cards
GBPUSD looks to be creating a floor above the Ichimoku cloud and slightly below the 50.0% Fibonacci retracement level of the downward wave from 1.3200 to 1.1409, near 1.2307. The bullish crossover of the 20- and 40-period simple moving averages (SMAs) is confirming the recent upside correction in the 4-hour chart after the aggressive dive […]
Technical Analysis – GBPUSD finds strong wall near 1.2300; bullish correction on the cards
GBPUSD looks to be creating a floor above the Ichimoku cloud and slightly below the 50.0% Fibonacci retracement level of the downward wave from 1.3200 to 1.1409, near 1.2307. The bullish crossover of the 20- and 40-period simple moving averages (SMAs) is confirming the recent upside correction in the 4-hour chart after the aggressive dive […]
