GBP/USD: Moving Averages acting as support

GBP/USD: Moving Averages acting as support


The price found resistance at 1.2757, so bears achieved support at 1.2705. In this case, the market is likely going to reach the next resistance at 1.2793 - 1.2817. If a pullback from this area happens, bears will have a green light to test the closest support at 1.2678 - 1.2634.


There's a consolidation, which is taking place under resistance at 1.2757. The Moving Averages are acting as support. Therefore, the price is likely going to reach the next resistance at 1.2793 in the coming hours. However, if a pullback from this level arrives afterwards, there'll be an option to have a decline in the direction of support at 1.2690 - 1.2672.



Bitcoin (BTC/USD): a bottom could be found soon?

The bears were the main protagonists during the past week since the price action remained consolidated below the 200-hour moving average and we have seen that the cycle that we mentioned in previous reports could triple, according to our projections in…


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…

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