GBP/USD: consolidation
How does the GBP/USD look like?
Trading on the risk sentiment
Information is not investment advice
As a rule, when the price consolidates in a horizontal corridor, it’s possible to trade on the potential break of this range.
CAD/JPY is sensitive to the market sentiment: if risk appetite improves, the pair will rise, while if traders become risk-averse, the pair will fall. The pair has been consolidating between 83.85 and 83.20 for the second week in a row as the market keeps waiting for the news about the US-China trade deal and the Brexit delay. A break of this range will make the pair move by 60 pips or more. Notice that there are more support levels of the downside than resistance levels on the upside, so a break to the upside looks easier for the price.
Elizabeth Belugina
Similar
USD/JPY is pressured by resistance
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
STOCKS: mystery ahead
S&P was looking upwards just a day ago. Something changed?
Popular
S&P: to fall or not to fall
Will there be lower bottom with S&P or not? Let's analyze together.
GBP/USD: consolidation
How does the GBP/USD look like?
GBP or NZD: which currency has potential?
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
Choose your payment system
