GBP/USD broke strong support zone

GBP/USD broke strong support zone

  • GBP/USD broke strong support zone
  • Next sell target - 1.2800

GBP/USD continues to fall after the recent breakout of the the support zone lying between the key support level 1.2960 (which stopped the previous minor correction (iv) in the middle of July), support trendline of the daily Rising Wedge from February and 50% Fibonacci retracement of the previous sharp upward impulse 1 from the end of June. The breakout of this support zone accelerated the active minor ABC correction 2. GBP/USD is expected to fall to next sell target at the next support level 1.2800.



GBP/USD: "Thorn" pattern

The market is going to test the closest support at 1.4069 - 1.4027. If a pullback from these area happens little later on...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

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

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