- GBPUSD Month chart shows price violating Multi Year support line. Month close at the current levels or lower will confirm more bearishness for the pair.
- Weekly chart shows a range between 1.28 and 1.32 levels. Week close above 1.32 will bring some relief for the bulls of GBPUSD. Weekly close below 1.28 levels will strengthen bears further.
August 10, 2016
- Apple week shows next resistance at 112 levels. A bigger up move possible for apple bulls if week closes above 112.39 levels.
- Weakness in apple only if price falls back to 200 Day SMA levels. But for now bulls are able to sustain and move above 200 Day SMA.
- Month chart too is showing bullish price action so far.