The pound sterling against the dollar opened today's trading positively, as it bounced off the 1.2190 support and is trying to rise towards the EMA50, which is the first target to rise and its breach will enhance the opportunity to continue the bullish movement, which started with the price's rebound …
The support level 1.3076 restrained buyers. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: 1.3076.
Target levels: 1.2859; …
News of the day, Friday, June 17
The US dollar rose today with strong gains against the Japanese yen, as the Bank of Japan maintained its easy monetary policy. The Dollar index traded 0.8% higher, and USD/JPY rose 1.6%.
Due to aggressive monetary policy moves, European stocks are expected to …
Don't have your language?
