GBP/USD: GBP is weak again

GBP/USD: GBP is weak again

Recommendation:

SELL 1.27

SL 1.2755

TP1 1.26 TP2 1.24 TP3 1.227

On the daily chart of GBP/USD, bears managed to pull the pair to the bottom line of the triangle. A successful break of the support at 1.27 will lead the pair to the 161.8% target of the AB=CD pattern. Vice versa,  a rebound will return the pair to the upper boundary of the downward channel. 

gbpusd_d.png

On H1, the pair keeps reaching targets of the "Crab" pattern. Its 161.8% target is at 1.227. In case of the breakthrough of the support at 1.27,  the AB=CD pattern with the 161.8% target will be implemented.

gbpusd_60.png

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

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

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

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

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