Technicals

Add as a preferred source on Google

GBP/USD is struggling to break above 200 day HMA, decline till 1.4650 is expected

RES 4: 1.5061 (78.6% retracement of 1.5163 and 1.4687) RES 3: 1.49937 (Mar 26th high) RES 2: 1.4920 (Mar 27th high) RES 1: 1.4866 (200 day HMA) PRICE: 1.4840@ 07:12 GMT SUP 1: 1.4830 (20 day HMA) SUP 2: 1.4794 (61.8% ret…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • RES 4: 1.5061 (78.6% retracement of 1.5163 and 1.4687)

  • RES 3: 1.49937 (Mar 26th high)

  •  RES 2: 1.4920 (Mar 27th high)

  •  RES 1: 1.4866 (200 day HMA)

    PRICE: 1.4840@ 07:12 GMT 

  • SUP 1: 1.4830 (20 day HMA)

  • SUP 2: 1.4794 (61.8% retracement of 1.4751 and 1.4870)

  • SUP 3:1.46872 (Mar 19th low)

  • SUP 4: 1.4634 (Mar 18th low)

Intraday trend -Bearish

GBP/USD is trading around 1.48409 after making a short term low of 1. term trend is bearish as long as resistance 1.4900 holds. 

It is good to sell on rallies around 1.4840 for the target of 1.4650.

 

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