Monthly Archives: April 2018

GBP/USD bounces off key support

After a sharp two week sell-off, the GBP/USD has reached and reacted from a key technical support area today.

As can be seen from the chart, the cable has reached its previous swing low and long-term bullish trend line around the 1.3710/15 area today.

At this stage, one has to treat this as j…

Daily Technical Report 30 April 2018

EUR/USD bearish pattern started from 1.24 (19/04/2018 high) continues, trading within downtrend channel. The pair is heading along the 1.2105 range. The pair is currently trading at mid-January 2018 low. Hourly support and resistance are now given at 1.2028 (11/01/2018 low) and 1.2323 (17/01/2…