0
0
August 14, 2020 at 03:30PM
• GBPUSD reversed from round support level 1.3000
• Likely to rise to 1.3200
GBPUSD recently reversed up from the round support level 1,3000 (which reversed the price multiple times from the start of August, as can be seen below).
The upward reversal from the support level 1,3000 continues the active short-term impulse wave 5 of the (C)-wave from June.
GBPUSD is likely to rise further toward the next resistance level 1.3200 (which stopped the previous sharp impulse wave 3).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpusd-wave-analysis-14-august-2020-20200814/
Selected by fonecable.com
Search Web: GBPUSD Wave Analysis – 14 August, 2020
Recent Posts
- How to Manage the Emotions of Trading
- Brazil cenbank intervenes in FX as real slide deepens, down 7% this year
- Mexican Peso Forecast: USD/MXN Propped Up by Rising Yields and Weaker Equities
- Euro Forecast: EUR/USD Outlook Improves as German Bund Yields Rise
- NFP and Forex: What is NFP and How to Trade It?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating