When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
GBP/USD: trade opportunities
Information is not investment advice
GBP/USD formed a “Piercing line” pattern on the D1. The pair rose to the resistance line that connects April 30 and May 8 highs. There is something similar to an “Inverted Head and Shoulders” pattern on the chart. However, entering bullish positions will be sensible only if the pair rises above 1.2290 (38.2% Fibonacci retracement, 50-day MA). On the downside, the slide below 1.2205 will trigger a decline at least to 1.2165.
Trade ideas for GBP/USD
BUY 1.2295; TP 1.2355; SL 1.2275
SELL 1.2200; TP 1.2165; SL 1.2215
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
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