GBP/USD: pair going reach next resistance

GBP/USD: pair going reach next resistance


Bulls faced with resistance at 1.3454, so there's a local correction. Nevertheless, the pair is likely going to reach the next resistance at 1.3480 - 1.3513 in the short term. If a pullback from these levels happens, there'll be time for a decline.29-11-2017-GBP-H1.png

The price found resistance at 1.3453, so we've got a "V-Top" pattern. In this case, we're likely going to have a decline towards the nearest support at 1.3382. If a pullback from this level happens little later on, bulls will probably try to test the next resistance at 1.3454 - 1.3480.



Latest news

Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

Deposit with your local payment systems

Learn more


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