FxWirePro
Short

Cable faces strong resistance around 1.5580, targets 1.5400

FX:GBPUSD   British Pound/U.S. Dollar
461 0 16
GBP/USD             formed a top at 1.5585 and declined from that level. Overall trend is still weak as long as temporary top 1.5585 holds.

In 4 hours chart cable has formed gravestone doji and this confirms short term weakness, a decline till 1.5400 cannot be ruled out .

On the higher side minor resistance is around 1.5535 and break above would extend gains till 1.5580/1.5630.

It is good to sell on rallies around 1.5500 with SL around 1.5535 for the TP of 1.5405.
United States
United Kingdom
India
Deutschland
España
France
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out