OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD: Another small downside move would indicate a correction

The cable Mid-March's daily chart is pointing to further, yet limited falls. Yohay Elam, an analyst at FXStreet, examines the GBP/USD pair from a  technical perspective.

Key quotes 

“GBP/USD has been on the back foot and the Relative Strength Index on the daily chart is just above 30 – currently outside oversold conditions, but only just. Another small downside move and it would already indicate a correction.” 

“Support awaits at 1.2405, 1.23, and 1.22.”

“Resistance is at 1.2495, 1.2625 and 1.2720.”

Copper: Potential top and bearish continuation – Credit Suisse

Copper (LME) is testing its key medium-term support at the 2019 low at $5518/5433, as strategists at Credit Suisse notes. Key quotes “Copper (LME) is
Read more Previous

EUR/USD: Bullish potential remain capped

The EUR/USD pair is barely holding above 1.1100, and the weekly chat shows that despite the spike, it was unable to extend gains beyond the 100 and 20
Read more Next
Start livechat