SharifAzadeh
Long

GBPUSD; Bulls Engaging The Downtrend line

FX:GBPUSD   British Pound / U.S. Dollar
68 0 3
Technical Analysis:

The downtrend line is capping the upward pressure so far. Bulls need to break decisively 1.3050 to keep the bullish scenario intact. I favor bullish outlook as long as the 1.2916 support holds. Breaking down the 1.2916 means the upward channel is broken and a massive decline will be expected in that case. MACD is turning positive but it might just be a ZLR.

Fundamental Analysis:

With FOMC on hold, focus is on Brexit-related issues. East European countries oppose giving any privilege to Britain and this makes the divorce process hard.

Good luck,

Ali             Sharifazadeh, CFTe

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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