The pound sterling dollar pair rose during yesterday's session and the beginning of today's trading, and managed to break the resistance level of 1.2340, and reached the next target at the level of 1.2490.
The moving averages support the bullish movement, but we notice that the price moved away from …
The general trend is descendant. The currency pair is trading between 365 and 135 moving averages. The ascendant wave structure of the M30 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C is breached.
Trading idea:
Sell when the …
News of the day, Tuesday, May 17
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