Daily Forecast From February 6: EUR/USD, GBP/USD, Gold, Oil, Gas
Anton Kolhanov | Feb 06, 2018 03:06AM ET
An uptrend will start as soon as the market rises above resistance level 1.2380, which will be followed by a move up to resistance level 1.2500.
Downtrend is not expected today.
h2 GBP/USD/h2
The downtrend may be expected to continue in case the market drops below support level 1.3900, which will be followed by reaching support level 1.3790.
An uptrend will start as soon as the market rises above resistance level 1.3975, which will be followed by a move up to resistance level 1.4070 and 1.4145.
The market is trading along an uptrend with target on 1350, that may be expected to continue, while market is trading above support level 1338.
An downtrend will start as soon, as the market drops below support level 1338, which will be followed by a move down to support level 1330 - 1321.
The market is trading along a downtrend with target on 61.50, that may be expected to continue, while market is trading below resistance level 63.40 - 63.85.
An uptrend will start as soon as the market rises above resistance level 64.85, which will be followed by a move up closer to resistance level 66.20.
The downtrend may be expected to continue in case the market drops below support level 2.720, which will be followed by reaching support level 2.640.
An uptrend will start as soon as the market rises above resistance level 2.760, which will be followed by a move up to resistance level 2.810 and if it keeps on moving up above that level, we may expect the market to reach resistance level 2.880.
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