GBP/USD: the pound is waiting for a rebound

GBP/USD: the pound is waiting for a rebound

Recommendations:

BUY 1.377 SL 1.3715 TP1 1.387 TP2 1.397 TP3 1.407

SELL 1.415 SL 1.4205 TP1 1.405 TP2 1.395 TP3 1.385

On the daily chart of GBP/USD, the pair reached targets of the “Shark” pattern.  Its 88.6% target matches the level of the diagonal support in the form of the upward channel’s bottom line. There is a possibility of a rebound and a recovery of the bullish trend from that level.

gbpusd_d.png

On H1, the “Broadening wedge” pattern was formed. A pullback to 38.2% and 50% levels from the 4-5 wave is used for selling, a break of the resistance at 78.6% and 88.6% is used for buying.

gbpusd_60.png

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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