Tradingwithtamil

GBPUSD: Pedal-UP Britain, You've to go a long way.

FX:GBPUSD   British Pound / U.S. Dollar
The decreasing trend line accurately portrays GBPUSD weakness, traders are waiting for headline UK Q4 2018 GDP figures to register a lot of moves. Currently, 1.2890 becomes immediate support for the pair, breaking which 1.2850 and an upward slanting trend at 1.2825 seem important to watch. If the pair drops below 1.2825, the 1.2810 can offer an intermediate stop to its plunge to 1,2700 round figure. On the upside, a D1 beyond 1,2960 trend lines becomes necessary for the pair to aim for 1,30000 resistance levels. Pair's successful trading past 1,3000 also enables it to challenge the 1,3055 and 1,3130 numbers to the north.

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