GBPUSD Facing bearish pressure | 28 July 2021

GBPUSD pushed higher and is currently trading sideways, testing key -61.8% Fibonacci retracement level. A short-term pullback towards our take profit and graphical overlap support at 1.38325 could be possible. We also have short-term 50% Fibonacci retracement on our take profit level as well. Stochastic is testing resistance where price...

AUDUSD Facing bearish pressure | 28 July 2021

AUDUSD is currently within a triangle consolidation pattern. A breakout below 78.6% Fibonacci retracement and recent graphical swing low at 0.73480 towards long-term support and 161.8% Fibonacci extension zone at 0.72897 could be possible. RSI indicator is also reacting below descending trendline resistance where we see price-making pullbacks in the...