GBP-USD starting to recover?

[aditiukey]

The GBP/USD is trapped near recent lows close to 1.3150 ahead of Wednesday's London market session, with little impactful news on the docket and continued Brexit confusion taking the wind out of buyers' sails

[mlawson71]

The pair slowly moving to the upside again and it may test the resistance at 1.4345 in the near future.

[mlawson71]

Now the ICMarkets broker does not allow the entry of new trades (too many orders)
Does it happen to you too?

Call their customer support and ask them what is going on and how long that will last.

[laracroft]

Now the ICMarkets broker does not allow the entry of new trades (too many orders)
Does it happen to you too?

[mlawson71]

The pair is still rallying hard with practically no correction, next target is likely around 1.4000.

[mlawson71]

The pair rallied impressively for the past few days and is now testing 1.3800. I think some correction may begin from this level but the overall trend is still bullish.

[mlawson71]

GBP/USD rebounded from 1.3500 after forming a spinning top bar at that level. I think it will rally back to 1.3600 - 1.3610.

[mlawson71]

No analysis today, just wishing everyone a Merry Christmas!

[mlawson71]

The pair is testing the resistance at 1.3415, I think a breakout would lead to a further move to the upside towards1.3450.

[mlawson71]

The pair rebounded from 1.3300 and entered a period of consolidation that will probably last until after the holidays.

[mlawson71]

GBP/USD reached 1.3300 as I thought it may, now the question is whether it will keep depreciating. If it does it may reach 1.3220.

[mlawson71]

GBP/USD is testing the support at 1.3400, a breakout below that level could lead to a further depreciation to 1.3310 - 1.3300.

[mlawson71]

GBP/USD is consolidating above 1.3340, I think there may be a new move to the upside towards 1.3400.

[mlawson71]

The correction seems to end now, If these candle is closed this way purchases will be relevant

Which candle? On what time frame?

[konte]

The correction seems to end now, If these candle is closed this way purchases will be relevant