GLMRUSD is on a two-day pull-back sequence following Monday’s High. The price has been rising without major pull-backs since the March 15 low and as been supported by the 4H MA50 (blue trend-line), which hit today. Short-term buyer will be tested here. If they fail, the next, and strongest Support Zone on the medium-term is the region within the March 15 Higher Lows trend-line and the 4H MA200 (orange trend-line), which is also where the 1D MA50 (red trend-line) currently is.

The upside has three clear targets in the form of the Resistances (7.00, 11.50 and 16.00 in succession) made of the Lower Highs during the token’s correction in January – February. The safest buy approach is when the LMACD makes a Bullish Cross.

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