Energies
GBPUSD rises as the USD continues to weaken
As the USD continues to fall against major currencies, the British Pound achieved gains in yesterday’s session with GBPUSD breaking above 1.3440 levels. Since then, the pair fell slightly and recorded bearish correction towards 1.3400 psychological level.
The next dynamic support level for the pair is the moving average MA(30).
GBPUSD 1H Chart
| Resistance | 1.3445 | 1.3495 | 1.3526 |
| Support | 1.3395 | 1.3330 | 1.3288 |
Indecisiveness in gold prices following historical gains
Gold prices show fluctuations with conflicting fundamentals. The precious metal is trading sideways with the moving averages giving no clear signal. The Relative Strength Index is at neutral levels. A crossover of MA(5) and MA(10) below MA(30) could indicate further declines.
GOLD 1H Chart
| Resistance | $3,353 | $3,370 | $3,387 |
| Support | $3,286 | $3,265 | $3,259 |
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