The GBP/USD pair ended yesterday's trading below the 1.3660 level, which halts the suggested positive scenario in our recent reports and pressures the price to turn to the downside. Now it is on the way to achieving negative targets that start at 1.3565.
GBP/USD rate online: the price …
News of the day, Monday, 17 January:
Traders are on the weekend: Martin Luther King Day is a day off for New York Stock Exchange and Nasdaq. Stock futures remain active, including contracts linked to DOW (INDU), S&P 500 (SPX), and Nasdaq 100 (NDX).
Dollar rebounds after its steep negative …
#CCI
The general trend is ascending. The descending wave pattern is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. Mirror level 181.42 restrains sellers.
Trading idea:
Buy when the ascending wave is formed, where the wave (A) pierces the inclined channel of the descending truncated pattern.
Stop …
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