Technicals

Add as a preferred source on Google

FxWirePro: GBP/USD downside capped by 10- day MA, good to buy on dips

GBP/USD rebounds today after hitting low of 1.3450 at the time of writing. The pair jumped till 1.35245 from the intraday low and is currently trading around 1.35283. The pair on the higher side is facing major resistanc…

1 min read
FxWirePro: GBP/USD downside capped by 10- day MA, good to buy on dips
Image from the original EconoTimes article

Read the original article

  • GBP/USD rebounds today after hitting low of 1.3450 at the time of writing. The pair jumped till 1.35245 from the intraday low and is currently trading around 1.35283.
     
  • The pair on the higher side is facing major resistance around 1.3660 and any break above will take the pair to next level to 1.3700/1.3800 level.
     
  • The near term psychological support is around 1.3500 and any break below will drag the pair down till 1.34500/1.3400. Any break below 1.3400 (233- HMA) will confirm minor bearishness.

It is good to buy on dips 1.3460-65 with SL around 1.3400 for the TP of 1.3660.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560