GBP/USD – Rebound from trend line support likely

FX_IDC:GBPUSD   British Pound / U.S. Dollar
Resistance – 1.4514, 1.4549, 1.46

Support – 1.4474, 1.4428, 1.4374

  • Cable’s finally found support at the rising trend line drawn from April low and May low in the NY session.
  • A minor dip below the same in Asia was quickly done and the pair is now attempting to take out 1.45 handle.
  • The sharp drop also pushed the hourly RSI into oversold territory.
  • Consequently, spot may take out 1.45 and test supply around 1.4549 (23.6% of 1.3835-1.4770).
  • On the other hand, a failure to take out 1.45 followed by drop below Asian session low of 1.4460 would shift risk in favor of a drop to 1.44 levels.
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