Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Cable faces strong trend line resistance at 1.5500, break above targets 1.5600

  • GBP/USD is facing trend line resistance around 1.5500 (trend line joining 1.5818 and 1.5658) and nay break above confirms major trend reversal, a jump till 1.5580/1.5600/1.5650 is possible.
     
  • On the downside minor support is around 1.5450 and break below targets 1.5400/1.5380.
     
  • Overall bullish invalidation only below 1.5320 level.

It is good to buy only above 1.5500 with SL around 1.5450 for the TP of 1.5580/1.5600      

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.