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ftse 100 forecast

Chart Watch: FTSE 100 slide, GBP/USD trend line breach?

GBP/USD – Falling trend line could be breached Daily chart Support 1.2285 (monthly Fib pivot + weekly 5-MA) 1.2221 (previous day’s low) 1.2083 (Oct 25 low) Resistance 1.2360 (falling trend line resistance) 1.2534 (4-hr 200-MA) 1.2694 (10-DMA) Comments: Pound stands to gain if BOE meets […]

gbp usd forecast

Chart Watch: GBP/JPY rally, GBP/USD trendline breach ahead?

GBP/JPY – Poised for a rally Daily/Weekly chart The pair finally closed above 128.03 (23.6% Fibo of Sept high and Oct low) after having repeated failed to do so last month. Also note the bullish 5-DMA and 10-DMA crossover. On the weekly chart, we have […]