GBP/USD breaks trend line support, targets 1.5630

FX:GBPUSD   British Pound / U.S. Dollar
758 6 11
GBP/USD             has seen renewed selling interest at 1.5803 and overall trend remains weak for the decline till 1.5615 ( 61.8% retracement of 1.5422 and 1.5930).

It has formed temporary top around 1.5930 and any further bullishness can be seen only above that level.

The minor resistance is around 1.5730/1.5767. Short term major resistance is around 1.5803.

It is good to sell on rallies around 1.5725 with SL around 1.5770 for the TP of 1.5630/1.5615.

Agree with you .
dude, u had draw your trendline wrongly
Actually it has not broken trend. That only breaks at 1.5606 Its hard to see but its there....
Agree @Pezq, and we can see some Demand at 1.5675$
Am bearish but.. that situation make me think in long
Daily chart, still bearish in my humble opinion, i expect down in US session, lets see how end today
here's my chart
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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