Open account Log in

GBP/USD broke key resistance level 1.3110

Read the article on FBS website
  • GBP/USD broke key resistance level 1.3110
  • Next buy target - 1.3300

GBP/USD has been rising steadily inside the minor impulse wave 3, which earlier broke above the key resistance level 1.3110 (which stopped the previous minor impulse wave (i) in the middle of July). The breakout of this resistance level accelerated the active minor impulse 3, which belongs to the primary ABC correction ④ from the middle of January. GBP/USD can be expected to rise toward the next buy target at the next resistance level 1.3300 (target price for the completion of the active impulse 3).

GBPUSD - Primary Analysis - Jul-31 2128 PM (1 day).png

Share with friends:

Similar

Latest news

Instant opening

The website is operated by FBS Markets Inc.; Registration No. 000001317; FBS Markets Inc. is registered by the Financial Services Commission under the Securities Industry Act 2021, license number 000102/6. Office Address: 9725, Fabers Road Extension, Unit 1, Belize City, Belize.

FBS Markets Inc. does not offer financial services to residents of certain jurisdictions, including, but not limited to: the USA, the EU, the UK, Israel, the Islamic Republic of Iran, Myanmar.


Payment transactions are managed by НDС Technologies Ltd.; Registration No. HE 370778; Legal address: Arch. Makariou III & Vyronos, P. Lordos Center, Block B, Office 203, Limassol, Cyprus. Additional address: Office 267, Irene Court, Corner Rigenas and 28th October street, Agia Triada, 3035, Limassol, Cyprus.


Contact number: +357 22 010970; additional number: +501 611 0594.

For cooperation, please contact us via support@fbs.com.


Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the Internet resources of any materials from this website is possible only upon written permission.

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.