The GBP/USD pair shows more negative trades now and starts pressing the 1.3300 barrier, which supports the continuation of the expected bearish trend scenario on the intraday and short term. The trend is organized within the descending channel shown in the image, and the price is waiting to visit 1.3160 …
News for today, November 26:
Asia-Pacific stocks tumbled on Friday morning, ending the week with a decline amid the discovery of a new strain of coronavirus. This is their steepest drop in 3 months. Oil also fell after a new and possibly vaccine-resistant variant of the coronavirus was discovered. The …
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The overall trend is upward. The descending wave pattern is truncated. The support level of 24.32 holds sellers back. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) …
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