#GBPUSD @ 1.18612 GBPUSD to head higher towards important resistance zone at 1.2250/1.2300 – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
GBPUSD has gone into a consolidation phase near 1.1900. Economists at Société Générale expect the pair to see further gains towards the 1.2250/1.2300 resistance area.
“Daily MACD has entered positive territory pointing towards prevalence of upward momentum in short-term.”
“Defending 1.1640/1.1600, the 23.6% retracement of recent rebound could result in continuation of the move.”
“The pair is likely to head higher towards projections near 1.2070. The 200-DMA and August high at 1.2250/1.2300 is expected to be an important resistance zone.”
[/s2If]
Join Our Telegram Group
