GBP/USD – Might See a Bullish Breakout but Remains Stuck as of Now
- Buy Stop: 1.2425
- Take Profit: 1.2525
- Stop Loss: 1.2275
- Timeline: 1-2 days
- Sell Stop: 1.2276
- Take Profit: 1.2170
- Stop Loss: 1.2350
The British Pound pair looks pretty stuck at the moment but we can surely see some movements once important decisions from BoE gets released. On the charts, we did see an initial pull back but after the FED decision, the price went back to the original trend line. The RSI has also moved above the neutral point of 50. There was also consolidation following the formation of a cup and handle pattern on the price charts. As of now, the charts and fundamentals signal a possible bullish breakout. But we need to wait for the rate hikes from BoE to get more clarity about the upcoming trends for the pair.
- EUR/USD: The pair drops below 1.0900 and awaits more action with US NFP.
- BTC/USD: The choppiness and fears may result in another war for the pair.
- ETH/USD: Ethereum looks like a better bet than BTC as per analysts.
- USD/JPY: The bulls taking lead again after the initial pullback.
- EUR/JPY: Bears take the lead as Euro gets pressured with ECB decisions.
- USD/CAD: The pair gets lifted up with buyers stepping in.
- GBP/USD: Can expect more action following the US NFP.
- AUD/USD: The uptrend may continue boosted by FED decisions.
- EUR/GBP: The Euro gets benefited as Pound retreats with BoE decisions.
- XAU/USD: The gold pair losing momentum ahead of the US NFP.
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Bullish View Take Profit: 1.1300 Stop Loss : 1.1200 Timeline: 1 day Bearish View Sell…
AUD/USD – The Aussie Dollar Pair Looks Stuck in a Range as of Now
Bearish View Take Profit: 0.6600 Stop Loss : 0.6750 Timeline: 1-2 days Bullish View Buy…
EUR/USD – A Bearish Breakout is Possible for the Pair
Bearish View Take Profit: 1.0717 Stop Loss: 1.0925 Timeline: 1-2 days Bullish View Buy Stop:…
BTC/USD – A Bearish Breakout Can Be Expected For The Pair
Short Position Take Profit - 25,260 Stop Loss - 28,000 Timeline: 1-2 days Long Position…
EUR/USD – The Pair May Go Through a Reversal Ahead of Key Data Release
Bearish View Take Profit: 1.0650 Stop Loss: 1.0850 Timeline: 1-2 days Bullish View Buy Stop:…
AUD/USD – The Pair Giving Bearish Signals With Double Top Pattern
Bearish View Take Profit: 0.6600 Stop Loss: 0.6730 Timeline: 1 day Bullish View Buy Stop:…