GBP/USD: price going to test Moving Average

GBP/USD: price going to test Moving Average

GBP/USD: price going to test Moving Average

Bulls faced a resistance at 1.2595, so we’ve got a “V-Top” pattern, which pushed the price to a support at 1.2557. Therefore, the pair is likely going to test the next support at 1.2522, which could be a departure point for an upward price movement in the direction of a resistance at 1.2614 – 1.2635.

GBP/USD: price going to test Moving Average

There’s a “V-Top” pattern, which has been confirmed. Also, we’ve got a bearish “Flag”, so the pair is likely going to test the 34 Moving Average during the day. If a pullback from this line happens, there’ll be an opportunity to have a new local high shortly.

gbp

Similar

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.

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

Beginner Forex book will guide you through the world of trading.

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