IulianBondar
Short

GBPUSD still weak, eyes on strong support @ 1.2150

FX:GBPUSD   British Pound / U.S. Dollar
Even though Friday we've finally seen some weakness in the Dollar, the pound still looks weak, trading below it's short-term daily MAs (5,8,13).

Current key support area: 1.2100 - 1.2150
A break below would probably take the price to 1.1800, where the market might finally bottom.

Scenario plausible while the market stays below the short-term MAs and below the trendline (triangle formation).

Factors that could support the pound: a correction in the Dollar Index             ( USDOLLAR             ) that started Friday and a positive reaction to next week's data, including the Monetary Policy Statement on Thursday.


Looking forward to different opinions/comments!


Safe trading to all!

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
台灣
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