FxWirePro
Short

GBP/USD Medium Term outlook

FX:GBPUSD   British Pound / U.S. Dollar
143 views
0
143 0
GBP/USD has retreated till 1.46872 after making a high of 1.5164. Short term trend is bearish as long as 1.4950 (Support turned into resistance) holds.

Overall Bearish invalidation can happen only if it closes above 1.5160.

On the downside minor support is around 1.4680 and any break below will drag the pair further down till 1.4600/1.4475 in short term

The pair’s short term resistance is around 1.4950 and break above would extend gains till 1.5025/1.5100.

It is good to sell on rallies for the target of 1.4600.
Indicators (4 hourchart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Sell

Recommendation: Sell GBP/USD around 1.4850, SL 1.4951, Targets 1.4681/1.4610.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out