The GBPUSD held support at the 100 hour MA and has bounced higher as per the Kickstart video today |
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A cluster of technical levels between 0.65733 to 0.6600 is home to 50%, 100 bar MA on the 4-hour chart and the 100/200 day MAs.
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The consolidation area that can find the pair from April to July was reentered late yesterday with more momentum lower in trading today. However, support is being tested against a retracement and moving average level.
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Stocks are sharply lower but bouncing. What next? Key levels outlined in this video.
2024-05-24
The EURUSD is above its 100/200 hour MAs. Those MAs are a key barometer area today and going into the new trading week
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The ceiling area in the USDCHF comes in between 0.9146 to 0.9156
2024-05-22
Getting above the 1.36757 and staying above would increase the bullish bias
2024-05-21
The price action is limited but there are some key levels that could help your trading today.
In the kickstart video, I take a look at 3 major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. What is driving the pairs technically? What would either increase the bullish or bearish bias for each for traders today (and why)?
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