GBPUSD Summary & Trade Ideas

FX:GBPUSD   British Pound / U.S. Dollar
55 0 0

The GBPUSD             has recently been flirting with it's 2015 low which is now acting as a solid level of resistance. The pair does however seem to be receiving a little bit of support from a trend channel going back to late 2015.

Take shorts below the 2015 low with an initial target set at the bottom of the Jan dip, after that we'll head into the 1.37000 territory.

I'd like to point out that we have further commentary from the Fed Chair Janet Yellen today (15:00GMT) which could create a fair bit of volatility , so be mindful when it comes to placing your stops.

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