GBP/USD 4-hour: Consolidating within the triangle.
Invest Diva positioning: No positions.
Technical reasons why: The pair continues to consolidate around the Ichimoku’s cloud and inside the triangle. The RSI is also at the neutrality area.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.4734 | 1.4986 | 1.5023 |
| 1.4637 | 1.4853 | 1.5094 |
USD/CAD 4-hour: Supported by the key level.
Invest Diva positioning: No positions.
Technical reasons why: While the pair stays below the Ichimoku’s cloud with the RSI below the neutrality area, it is supported below the pivot level at 1.2524. A confirmation of breaking below this level would signal a further down-moves.
Where I’m setting my stops and limits:
| Support Levels | Turning Point | Resistance Levels |
|---|---|---|
| 1.2390 | 1.2524 | 1.2747 |
| 1.2337 | 1.2659 |
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.
