GBP/USD: local downtrend line broken

GBP/USD: local downtrend line broken


The local downtrend line has been broken. In this case, the pair is likely going to achieve the nearest resistance at 1.3612 - 1.3656, which could be a departure point for a downward price movement in the direction of the closest support at 1.3493 - 1.3457.


The 55 Moving Average has acted as resistance, so there's a local 'V-Top' pattern. Despite that, if we have a pullback from the next support at 3498 - 1.3493 in the coming hours, there'll be a green light for a bullish rally.



Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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.

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