Forex Technical Major Pairs analysis July 24, 2018
It is an expected bounce, and the index will continue inside projected yellow box area with a bullish bias. Currently, traders could start looking for the long position in U.S dollar pairs and hold it until the top of yellow box reached. Today critical level to watch:Support: 1.1650, 1.1600Resistance: 1.1710, 1.1820GBP/USDGBP/USD could not surpass Friday high and 1.3125 resistance. Today critical level to watch:Support: 1.3000Resistance: 1.3100, 1.3250, 1.3300USD/JPYA bullish pin bar formed on USD/JPY daily chart after the trendline test. Today critical level to watch:Support: 0.7330Resistance: 0.7400, 0.7500
Forex Trading: GBPUSD Technical Analysis – July 25, 2018
according to The technical bias remains bearish because of the lower high in the recent upside move. GBP/USD Technical AnalysisAs of this writing, the pair is being traded around 1.3160 A support can be noted near 1.3100, a psychological level ahead of 1.3055, the horizontal support level and then 1.2953, another major horizontal support as demonstrated in the given below chart. On the upside, a resistance can be noted around 1.3643, an immediate trendline resistance level ahead of 1.4000, a major psychological number and then 1.4342, the confluence of a horizontal and trendline resistance as demonstrated in the given below chart. The technical bias shall remain bearish unless the 1.4000 resistance level is broker. The downgrade to first-quarter growth reflected weaker consumer spending and a smaller inventory build than the government had estimated last month.read more collected by :John Locas
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