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GBP/USD – now stuck between Fibo level and Neckline

FX:GBPUSD   British Pound/U.S. Dollar
103 1 3
Resistance – 1.4533, 1.4617, 1.4669

Support – 1.4389, 1.4368-1.4350, 1.43

  • Cable rose to 1.4514 levels after it rose above 1.4572 levels as anticipated earlier today.
  • The loss of momentum at a high of 1.4519 following inverse head and shoulder breakout indicates the currency pair could remain trapped between inverse H&S neckline (seen today at 1.4389) and 1.4533 (50% of 1.5230-1.3535).
  • Moreover, 1.4533 has been a tough nut to crack since early February.
AzadAryan
7 months ago
so do u think it going down to 1.43 levels???
Reply
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