FxWirePro
Long

Cable breaks major resistance 1.5630, targets 1.5670/1.5745 is

FX:GBPUSD   British Pound/U.S. Dollar
349 0 5
GBP/USD             breaks major resistance 1.5630 after release of better than expected positive money supply and mortgage approvals in the UK.

Technically it has broken major resistance 1.5630 and any break above would extend gains till 1.5670/1.5745 in short term.

Intraday trend is still bullish as long as support 1.5600 (7 day 4 H EMA ) holds.

On the downside any break below 1.5600 will drag the apir further down till 1.5580/1.5550 in short term.

It is good to buy at declines at 1.56325-30 with SL around 1.5600 for the TP of 1.5670/1.5745.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out