Open account Log in

GBP/USD failed at resistance

Read the article on FBS website

Trade ideas

SELL 1.2645; TP 1.2600; SL 1.2665

GBP/USD got once again rejected down from 1.2760. The 50-day MA is having a bearish bias and creating further resistance at 1.28. On H4, we see that support is provided b the 50-period MA at 1.2650. The decline below this level will confirm a temporary top and open the way down to 1.26. 

Resistance lines in the 1.2715/25 area. Only above these levels GBP/USD may once again try to retest this week’s highs. 

The pair will be affected on the intraday basis by British Inflation Report hearings and US durable goods orders.

GBPUSD H4.png

FBS Analyst Team

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.