-
GBP/USD, AUD/JPY & More: Charts and Technical Outlook
GBP/USD continues to move sideways after having tagged an area of strong resistance in recent trade. There is confluence between trend-lines running down off the 2014 and 2018 peaks and a pair of swing highs that were carved out just prior to the corona meltdown. The way it is moving horizontal is bullish thus far. The trend remains pointed higher since March and looks headed to extend further. The cue for the next move will be to trade above resistance pegged at 13206. A breakout from there is seen as having cable in open space with potential to run to the December spike-high over 13500. AUD/JPY has been holding ... (full story)