GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
EUR/GBP may finally leave its range
Information is not investment advice
EUR/GBP had an extremely volatile month. If we look at the daily chart, we’ll see a diamond-shaped broad consolidation range. The fact that we finally got some big news about Brexit (a delay until October 31) can allow the pair to finally break out of this pattern.
Technical indicators suggest that a break to the upside seems more likely. Notice, however, that breakout trading is risky and requires thoughtful risk management. The negative pressure will return if the pair gets back below 0.8590.
Elizabeth Belugina
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GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
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Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
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