GBP/USD: pair has plunged

GBP/USD: pair has plunged

18-7-2018-GBP-H4.png

The pair has plunged. It's likely that bears are going to test the next support at 1.2994 - 1.2977. This area could be a departure point for an upward correction towards the nearest resistance at 1.3061 - 1.3169.

18-7-2018-GBP-H1.png

The market has been declining since the last 'Double Top' was formed. At the same time, it's likely to have a correction. So, we should keep an eye on the closest resistance at 1.3032 - 1.3047. This area could be a departure point for another decline.

gbp

Similar

GBP/USD: 'V-Top' led to decline

The main intraday target is the nearest support. A pullback from this level could be a starting point for another upward price movement...

gbp

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

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