Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

Prepped to extend Tuesday’s bounce

researchsnappy by researchsnappy
January 15, 2020
in Healthcare Research
0
Prepped to extend Tuesday’s bounce
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

  • GBP/USD’s 15-min chart is reporting a flag breakout. 
  • The hourly chart descending trendline has been breached. 
  • The pair may rise to 1.3050, extending Tuesday’s bounce from support near 1.2950.

GBP/USD looks set to extend Tuesday’s bounce from the head-and-shoulders neckline support of 1.2954 as intraday charts are reporting bullish patterns. 

To start with, the flag breakout seen on the 15-minute chart indicates the minor pullback from the overnight high of 1.3033 has ended and the rally from 1.2975 has resumed. The breakout has opened the doors for 1.3080 (target as per the measured move method). 

Further, the hourly chart is reporting a double bottom breakout and an upside break of the descending trendline. 

At press time, the pair is trading near 1.3025. A rise to 1.3050 or higher, if any, could be short-lived, as the 14-day RSI is holding below 50 and the descending (bearish) 5-day average is located at 1.3031.

15-minute chart

Hourly chart

Trend: Intraday bullish

Technical levels

 

Previous Post

Malaysia wants to break up big firms without hurting stocks, Economy News & Top Stories

Next Post

Limiting sugar? Don’t trust the new nutrition labels.

Next Post
Limiting sugar? Don’t trust the new nutrition labels.

Limiting sugar? Don't trust the new nutrition labels.

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News

Pa. Republicans reconsider Pitt funding over fetal tissue research, college voucher program

Arthur Pharma Closes Series A Financing Round

YouTube and the Achilles Tendon: An Analysis of Internet Information Reliability and Content Quality

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2022 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2022 researchsnappy.com