Sterling resumes the main bullish track

FX:GBPUSD   British Pound / U.S. Dollar
32 0 0
Target: 1.6200
Risk: 1.5575

Technical Reasons:

The GBPUSD             consolidated well above the major bullish trend line that carries the price from 1.4564 recorded low, to resume the main bullish wave that its next main target located at the recently recorded top at 1.5928.

The exponential moving averages 50 and 100 offer good positive support to the expected bullish wave, and the price might be forced to show some sideways bias affected by stochastic negative signal.

Breaking 1.5575 will put the price under the negative correctional pressure again.

FXHighway mobile App: https://play.google.com/store/apps/details?id=com.fxhighway.apps
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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