GBP/USD Price Analysis: Bulls take out key longer term levels, but bears are lurking – by fx_ross GBPUSD Technical Analysis
tes the current trajectory across the three mentioned assets and the potential for a downside correction in the coming sessions or days in cable.The 10-year US treasury yield has slumped into a key area of support leaving a bullish harmonic shark pattern on the hourly time frame. The price has subsequently moved up to test an old support area that could act as resistance for the sessions ahead.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forex Signal: Bulls Driving Price Up Past ResistanceMy previous GBP/USD signal on 20th September was not triggered, as the bearish price action took place above the resistance level which I had identified at $1.1
Read more »
GBP/USD Price Analysis: Bears move in below counter trendline resistance, eye 1.1020 and 1.0900The bears are emerging from a confluence of resistance on the long-term charts that is forcing the price out of last Wednesday's rally that petered ou
Read more »
USD/CAD Price Analysis: Bears making their move for 1.3750 key daily supportUSD/CAD is on the move to the downside with 1.3750 on the bear's radar. The price is falling towards trendline support on the daily chart while having
Read more »
Pairs in Focus This Week- EUR/USD, USD/CAD, Gold, GBP/USDGet the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of October 2nd, 2022: Trading
Read more »
USD/CAD: Upward Heights Remain in Sight and Perceptions StirThe USDCAD remains within the upper realms of its long term price range and traders will need to remain diligent while pursuing the forex Pair.
Read more »
USD/JPY Technical Analysis: Bulls Control Until Job NumbersFor five trading sessions in a row, the price of the $USDJPY currency pair continued to maintain its bullish momentum near its highest level in 24 years.
Read more »