The GBP/USD pair is moving sideways to the downside. Yesterday, it tried to test the EMA50 level and failed to breach it to return to the lower movement.
The moving averages are pressing the price to decline further, as it is in a descending arrangement above it, and there is …
There is nothing new about the euro movement against the dollar, as it continues to move sideways between levels 1.0250 and level 1.0170.
Therefore, we maintain our previous expectations in our earlier reports.
The expected trading range for today is between the support 1.0140 and the resistance 1.0300.
Support: 1.0200—1.0170—1.0100. …
#BA
The general trend is downward. On the H4 timeframe, a "shooting star" reversal pattern was formed. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought.
Trading idea:
Sell on a breakout of 163.00.
Stop-loss: 172.00.
Target levels: 152.80; 142.40.
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