GBP/USD – bearish break on hourly.. But don’t forget Fed

FX_IDC:GBPUSD   British Pound / U.S. Dollar
Resistance – 1.4617-1.4639, 1.4669, 1.47

Support – 1.4546, 14500, 1.4472

Here we have a bearish break from rising channel on the hourly chart. That means doors are open for a drift lower to hourly 50-MA level of 1.4546. A break lower would expose 1.45 handle.

However, we should not forget Fed. The odds of Fed maintaining dovish stance intact are high.

Hence, another attempt at 1.4617-1.4636 cannot be ruled out.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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