Key Highlights GBP/USD is struggling to clear the 1.3150 resistance zone. A crucial bearish trend line is forming with resistance near 1.3120 on the 4-hours chart. EUR/USD is still trading in a bearish zone below 1.0920. Gold price extended gains, and oil price could gain pace above $110. GBP/USD Technical Analysis The British Pound started […]
The post GBP/USD Vulnerable to a Drop Below 1.3000 appeared first on Action Forex.
Daily Pivots: (S1) 1.3298; (P) 1.3332; (R1) 1.3390; More… Intraday bias in GBP/USD stays neutral at this point. Consolidations from 1.3216 could extend further. But risk will stay on the downside as long as 1.3482 Read more…
Daily Pivots: (S1) 0.7853; (P) 0.7888; (R1) 0.7913; More…. Intraday bias in USD/CHF remains neutral and more consolidations could be seen below 0.7921. Further rally is still expected as long as 0.7746 support holds. Rise Read more…
Markets There was little ‘real’ market relevant news from the conflict in the Middle East, yesterday. There was hardly any progress on ideas/strategies to secure a passage through the Strait of Hormuz. Visibility on how Read more…