Elizabeth Nersesian
HarmonicEquilibriumRouting
Daily outlook
GBP/USD corrected some of the recent uptrends currently and it just rebounded from 1.35721, looks like it has to go higher to achieve the orders above to fill them, and then it will continue going down to complete the correction and then rebounds from 1.32828 as there's a node which shows the price is cheaper and there will be a good opportunity to start buying.
price might see 1.37612 and then goes up to 1.41360, after testing the level price might start declining to the level 1.32823 - 1.32495, there we can decide that correction is ended or not. but that's a high probability for the price to return from the level.
The system used for analyzing this chart is Harmonic Equilibrium Routing.
-637643625072952223.png)
This page doesn't provide any non-free services and all of the services and articles are free, financial markets have high level risk, and there is no guarantee for analysis that are published on the site, for further steps and having a better view over the markets, you have to learn and decide by your experiences. All of the articles are personal opinion.
Recommended Content
Editors’ Picks
AUD/USD jumps above 0.6500 after hot Australian CPI data
AUD/USD extended gains and recaptured 0.6500 in Asian trading, following the release of hotter-than-expected Australian inflation data. The Australian CPI rose 1% in QoQ in Q1 against 0.8% forecast, providing extra legs to the Australian Dollar upside.
USD/JPY hangs near 34-year high at 154.88 as intervention risks loom
USD/JPY is sitting at a multi-decade high of 154.88 reached on Tuesday. Traders refrain from placing fresh bets on the pair as Japan's FX intervention risks loom. Broad US Dollar weakness also caps the upside in the major. US Durable Goods data are next on tap.
Gold price cautious despite weaker US Dollar and falling US yields
Gold retreats modestly after failing to sustain gains despite fall in US Treasury yields, weaker US Dollar. XAU/USD struggles to capitalize following release of weaker-than-expected S&P Global PMIs, fueling speculation about potential Fed rate cuts.
Crypto community reacts as BRICS considers launching stablecoin for international trade settlement
BRICS is intensifying efforts to reduce its reliance on the US dollar after plans for its stablecoin effort surfaced online on Tuesday. Most people expect the stablecoin to be backed by gold, considering BRICS nations have been accumulating large holdings of the commodity.
US versus the Eurozone: Inflation divergence causes monetary desynchronization
Historically there is a very close correlation between changes in US Treasury yields and German Bund yields. This is relevant at the current juncture, considering that the recent hawkish twist in the tone of the Fed might continue to push US long-term interest rates higher and put upward pressure on bond yields in the Eurozone.