GBP/USD: another pullback from the 34 MA

GBP/USD: another pullback from the 34 MA


There's another pullback from the 34 Moving Average, so the price is consolidating. Even so, we should keep an eye on the next resistance at 1.2826 - 1.2852 as an intraday target. If a pullback from these levels happens next, bears will probably try to reach the closest support at 1.2763 - 1.2723.


It seems like there's a 'Pennant' pattern, which is about to end. In this case, the pair is likely going to reach the previously tested resistance at 1.2824 - 1.2839 shortly. Meanwhile, the subsequent pullback from this area could be a starting point for another decline towards 1.2755 - 1.2734.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera