Weekly Analysis - GBP/USD
"On Monthly:
Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November.
It seems it got stock between 1.28600 and 1.24800 which is 380 Pips.
It stopped at 1.27500. I t made a Doji this month so far. let's see what lower time frame shows.
-- On Weekly:
Past two weeks made Bullish move including the Doji candle of last week. However, it made a Hidden Bullish Divergence in RSI which is the sign of Bullish Continuation.
--On Daily:
this time frame is contridicting with Weekly time frame. It made a Head & Shoulders formation for Bearish move versus Weekly Bullish Divergence.
-- On Hourly:
On the contrary of Daily chart, it has made a multi-bottom formation for Bullish move.
Let's see how the price will perform at 1.27500 Historical resistant.
All three EMA's are Bullish and it's spreading open so far.
"
Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November.
It seems it got stock between 1.28600 and 1.24800 which is 380 Pips.
It stopped at 1.27500. I t made a Doji this month so far. let's see what lower time frame shows.
-- On Weekly:
Past two weeks made Bullish move including the Doji candle of last week. However, it made a Hidden Bullish Divergence in RSI which is the sign of Bullish Continuation.
--On Daily:
this time frame is contridicting with Weekly time frame. It made a Head & Shoulders formation for Bearish move versus Weekly Bullish Divergence.
-- On Hourly:
On the contrary of Daily chart, it has made a multi-bottom formation for Bullish move.
Let's see how the price will perform at 1.27500 Historical resistant.
All three EMA's are Bullish and it's spreading open so far.
"
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