GBP/USD: pair declining since triangle was broken

GBP/USD: pair declining since triangle was broken


The pair has been declining since the triangle's lower side was broken. The main intraday target is the next support at 1.2957 - 1.2932. This area could be a starting point for an upward correction in the direction of the nearest resistance at 1.3032 - 1.3047.


The market is declining because of the last 'V-Top'. Nevertheless, it's likely to have a bullish correction soon, so we should keep on track the closest resistance at 1.2994 - 1.3015 as an intraday target. If we have a pullback from these levels, bears will probably try to test another support at 1.2957 - 1.2932.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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