Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
GBP/USD: 55 Moving Average acting as resistance
Information is not investment advice
The 55 Moving Average has is acting as resistance and also there's a bullish 'High Wave', but this pattern hasn't been confirmed enough. Thus, it's likely that the pair is going to reach the previously tested support at 1.2997. In case of a pullback from this level, there'll be a moment for another bullish rally towards the nearest important resistance at 1.3347.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?