FXHighway
Long

GBPUSD heads to cover some losses

FX:GBPUSD   Pound Sterling/U.S. Dollar
31 0 1
Target: 1.4000
Risk: 1.3285

Technical reasons:

The GBPUSD             completed forming the inverted head and shoulders’ pattern that appears on chart, thus, the way is open to cover some of the losses that the price suffered recently, as the full target of the mentioned pattern is near 1.4000.

The exponential moving averages 50 and 100 provide the positive support to the price now, to expect the domination of the bullish trend on the short term basis, and the price needs to hold above the support base 1.3285 to continue the expected rise.


http://www.fxhighway.com
https://www.facebook.com/fxhighwaycom/
https://twitter.com/

FXHighway mobile App:
Android: https://play.google.com/store/apps/details?id=com.fxhighway.apps
IOS: https://itunes.apple.com/WebObjects/MZStore.woa/wa/viewSoftware?id=1071234193&mt=8
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out