GBP/USD: resistance waiting for bulls

GBP/USD: resistance waiting for bulls

GBP/USD: resistance waiting for bulls

There's a possible "V-Bottom" pattern, so the market is likely going to rise towards resistance at 1.3023. At the same time, there's an opportunity to have a downward correction later on, so we should keep an eye on support at 1.2945 as an intraday target.

GBP/USD: resistance waiting for bulls

The pair is consolidating between resistance at 1.2995 and support at 1.2945. Nevertheless, bulls are likely going to test the closest resistance at 1.2995 - 1.3023. If a pullback from this area happens, we could have a decline in the direction of support at 1.2952 - 1.2935.

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