📌 GBPUSD: closed above the balance of the week, what next?
Over the past 24 hours, the asset has closed above the option balance of the week (1.3872).
Proceeding from this it is likely to assume that rise of the cable quotes will probably continue on Tuesday, May 4, and realization of our main scenario, outlined in the current weekly forecast in the direction of the downward impulse is possible only in case of closing of the current and following business days below the balance of the week (1.3872).
The nearest support level for today is the near limit buyer level (1.3838).
In case of successful test of the mentioned support and the subsequent fixation above the balance of the week (1.3869), we expect the continuation of the rise during the current working day as well.
⭐️ The nearest growth target is the balance of the day (1.3921).
In case of breakdown and fixation above the mentioned option resistance level the limit seller (1.3987) is the next upside target for today.
🤔 Like the idea? 👍 like it ✍️ write comment
Proceeding from this it is likely to assume that rise of the cable quotes will probably continue on Tuesday, May 4, and realization of our main scenario, outlined in the current weekly forecast in the direction of the downward impulse is possible only in case of closing of the current and following business days below the balance of the week (1.3872).
The nearest support level for today is the near limit buyer level (1.3838).
In case of successful test of the mentioned support and the subsequent fixation above the balance of the week (1.3869), we expect the continuation of the rise during the current working day as well.
⭐️ The nearest growth target is the balance of the day (1.3921).
In case of breakdown and fixation above the mentioned option resistance level the limit seller (1.3987) is the next upside target for today.
🤔 Like the idea? 👍 like it ✍️ write comment
