GBP/USD: pound is wandering in the channels

GBP/USD: pound is wandering in the channels

Recommendations:

BUY 1,3035 SL 1,298 TP1 1,31 TP2 1,3135,

SELL 1,293 SL 1,2985 TP 1,278. 

On the GBP/USD daily chart, there is a consolidation within the upwards trend. A breakout of the diagonal support followed by activation of the "Shark" pattern can result in the development of the correction towards 1.278. The odds for expansion are not high, the quotes might exhaust their rally at around 1.31 (target 161.8% in AB = CD).

On the GBP/USD hourly chart, there was a false breakout of the lower boundary of the triangle. Breakout of the support at 1.293 may result in a pullback. In contrast, a successful test of resistance at 1.3035 will create the prerequisites for the continuation of the rally.

Similar

NZD/USD: bears are hunting a crab

On the daily chart, NZD/USD reached 88.6% target of the “Bat”. This increases the possibility of a pullback to 23.6%, 38.2% and 50% of the wave CD.

nzd
GBP/USD: pound going lower

Bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling lines; the market breaking down the main daily supports and will continue the downtrend.

gbp

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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