GBP/USD looking to extend the rebound

GBP/USD looking to extend the rebound

2019-11-11 • Updated

The GBP/USD pair continues to stay alive in the bullish bias held since several weeks ago, gaining momentum in the 200 SMA at H1 chart. Currently, the demand zone between the 50% and 65% Fibo levels at 1.3383 and 1.3334 is offering a strong support for the Cable and once it breaks above November 30th highs, it’s expected to test the -23.6% Fibo level at 1.3625.

RSI indicator remains in the neutral territory, favoring to a consolidation in the short-term.



Trade ideas for March 28 - April 1
Trade ideas for March 28 - April 1

Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!

Latest news

UK: No Longer a Leading Economy
UK: No Longer a Leading Economy

The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?

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