Gbp/usd

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Thread: Gbp/usd

  1. #1
    Senior Member RusefSandi's Avatar
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    Lightbulb Gbp/usd

    Gbp/usd
    GBP/USD Price Analysis: Flirting with trend-line aid, round 1.3000 mark

    • GBP/USD stays depressed for the fifth consecutive session on Wednesday.
    • The technical set-up might have already shifted in favor of bearish traders.



    The GBP/USD pair edged lower through the early North-American session on Wednesday, with bulls now eyeing some follow-thru weakness beneath the key 1.30 psychological mark.

    The pair is now flirting with a vital aid marked through 2-1/2-month-vintage ascending trend-line, which if broken will set the degree for an extension of the current bearish trajectory.

    Meanwhile, technical indicators on hourly/daily charts maintained their bearish bias, which helps possibilities for an eventual break beneath the noted trend-line and in addition weakness.


    Some follow-via weakness under the in a single day swing low, around the 1.2975 regions, will reaffirm the bearish bias and boost up the slide in addition to the 1.2955-50 area.

    The latter coincides with month-to-month swing lows and hence, some follow-thru promoting will set the level for a slide toward challenging 100-day SMA support, or sub-1.2900 levels.

    On the turn side, any attempted recuperation might confront some fresh supply close to the 1.3030-35 region, above which the pair could head towards the 1.3070-seventy five horizontal barriers.

    Sustained energy beyond the stated hurdles may activate a few follow-via short-masking moves and raise the pair further toward reclaiming the 1.3100 round-figure marks.

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  2. #2
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    Thumbs up Gbp/usd

    in ro ham eslah kon:
    So with the current signal, should we buy in to invest? What do you think we should do?

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