TipTVFinance

GBP/USD – At fresh 30-yr low

FX:GBPUSD   Pound Sterling/U.S. Dollar
GBP/USD             pair dipped to a low of 1.2791 in Asia; the lowest since June 1985. Cable sell-off triggered a wave of a risk-off trading, pushing treasury yields lower and Japanese Yen             higher.

As of now, the pair is trading around 1.29 handle. There is very little logic in catching the falling knife. The volumes were very low in Asia and continue to be so. Hence staying on the sidelines appears as the best option.

Nevertheless, traders could keep an eye on the 4-hour chart. A bullish divergence could happen if the 4-hour candle sees a positive move and pulls the RSI above 30.00. In such a case, prices could head back to 1.3119-1.32 levels.
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