The GBP/USD pair is testing the 1.2200 support level, which constitutes the minimum for the two-week sideways movement. And that after it breached the level of the moving averages, which are now moving above the price. It is also affected by the negativity of the stochastic indicator.
Therefore, the bearish …
Gold is traded in the span of the descendant price channel’s lower border. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when level 1823.00 is breached.
Stop-loss: 1818.00.
Target levels: 1824.40; 1840.00.
News of the day, Tuesday, June 28
Oil prices jumped today as G7 nations have announced to strengthen sanctions against Russia. Brent crude futures rose 1.21%, and WTI crude futures were up 1,2%.
Stock indexes rose around the globe as China eased quarantine requirements. MSCI’s broadest index of Asia-Pacific outside …
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