S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketFacts:
The price broke above key resistance at 1.3212
GBPSUD invalidated 1:1 structure
The price sits above the 100-period moving average from D1 interval
Recommendation:
Trade: Long position on GBPUSD at market price
Target: 1.3513, 1.3640
Stop: 1.3180
Opinion: GBPUSD has been trading in a downward trend recently. Looking at the D1 interval, one can see that the recent downward move might have ended already. The price of this pair invalidated local 1:1 structure and broke above the key resistance at 1.3212. In addition the price sits above the 100-period moving average.Taking this into account, continuation of the
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