GBP/USD is trading weak, market awaits UK election

FX:GBPUSD   British Pound / U.S. Dollar
247 0 3
•RES4: 1.5585 ( 38.2% retracement of 1.7166 and 1.45648)

•RES3: 1.55512 (Feb 26th high)

•RES2: 1.5358 ( 61.8% retracement of 1.5497 and 1.5133)

•RES1: 1.5254 (Kijun-Sen)

PRICE: 1.5167@ 06:04 GMT            

•SUP 1: 1.5106 ( Bollinger lower band)

•SUP 2: 1.5030 (Tenken-Sen)

•SUP 3:1.54920 ( 61.8% retracement of 1.45648 and 1.5497)

•SUP4: 1.54855 ( Apr             21st low)

GBP/USD             has formed double top around 1.5500 and retreated from that level. This confirms it has formed temporary top around 1.5500 and any further bullishness only above that level.

On the upside major resistance is around 1.5260. Any break above will take the pair till 1.5360/1.5500.

On the downside minor support is around 1.5100 and weakness can be seen below that level.

It is good to sell on rallies around 1.5170 for the target of 1.5000 with stop around 1.5260.

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
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