GBP/USD Price Aanlysis: Bears now engaged and seeking a weekly bearish close By ross_burland GBPUSD Currencies
above was from the prior day's close. The price attempts to recover towards the neckline of the formation:The price is making slower progress on Thursday and given that it has now made a significant correction, the weekly chart's doji candle should be considered as bears seek a weekly bearish close:The pair has formed a weekly doji and bears will now be on the lookout for this week's close to print bearish.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Price Analysis: Choppy trading conditions leave the pair without a biasGBP/USD is stuck in ranges across the time frames without a clear bias one way or the other. The following illustrates this across the weekly, daily a
Read more »
WTI Price Analysis: Bears taking up the driving seat, eye break below $100bblsThe price of oil is a focus considering the sudden drop in the Asian session: US Pres. Biden team weighs a massive oil release to combat inflation, oi
Read more »
AUD/USD Price Analysis: Bears eye a run to test 0.74 the figureAUD/USD is stalling on the daily advance and the Net AUD short positions failed to hold all of the previous week’s moves according to the latest CFTC
Read more »
2023 Lotus Eletre SUV revealed: price, specs and release dateThe fully electric Lotus Eletre will be the brand’s first SUV. What do you reckon: is it a smart move or a sacrilegious one?
Read more »
USD/CAD Price Analysis: Settles below Ascending Triangle formation, 1.2300 eyedUSD/CAD Price Analysis: Settles below Ascending Triangle formation, 1.2300 eyed By Sagar_Dua24 USDCAD Technical Analysis ChartPatterns SupportResistance Momentum
Read more »
Lululemon forecasts strong 2022, plans selective price hikesLululemon Athletica on Tuesday forecast full-year profit and revenue above estimates as demand for athletic wear remains consistent even as people return to offices, and said it plans selective price increases on some of its products.
Read more »