Technical Analyst & Trader @ Vikinsa
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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 towards the 35-year low of 1.1409. Technically, the RSI indicator is turning slightly lower after it visited the 70 level in the near-term and the MACD oscillator is still extending its movement above its trigger and zero lines. Traders would be more eager to engage in buying ... (full story)
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- Mar 27, 2020 6:43am Mar 27, 2020 6:43am
- vikinsa
- | Commercial Member | Joined Oct 2019 | 146 Comments
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- Mar 27, 2020 7:29am Mar 27, 2020 7:29am
- RossEdwards
- Joined Jun 2019 | Status: Member | 3299 Comments
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