FxWirePro
Long

Cable takes support near trend line,jump till 1.5815 is possible

FX:GBPUSD   British Pound / U.S. Dollar
297 0 1
•RES 4: 1.6080

•RES3: 1.6025 (100% projection of 1.4564 to 1.54997 from 1.50880)

•RES2: 1.5815 (161.8% retracement of 1.5746 and 1.5088)

•RES1: 1.5750 (161.8% retracement of 1.5497 and 1.50880)


PRICE: 1.57516 @ 05:46 GMT            

•SUP1:1.5703 (34 day H EMA )

•SUP2: 1.5670 (23.6% retracement of 1.5768 and 1.5358)

•SUP3: 1.5630 (May 13th low)

•SUP 4: 1.5590 (23.6% retracement of 1.5088 and 1.5746)


GBP/USD             has made high of 1.5746 and retreated till 1.5635 after BOE has revised down growth forecasts in its quarterly inflation reports. Short term trend is bullish as long support 1.5630 holds.
Technically GBP/USD             major resistance around 1.5768 and any break will target 1.5815/1.6020 in short term.
Intraday minor support is 1.5670 and any weakness only below that level.
It is good to buy at dips around 1.5730 for the target of 1.5815/1.6000 with stop around 1.5670.





English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out