TipTVFinance

GBP/USD European session outlook

FX:GBPUSD   Pound Sterling/U.S. Dollar
Resistance – 1.4441, 1.4480, 1.4514

Support – 1.4413, 1.4387, 1.4354

Formation - Sideways action continues

  • Pair clocked a low of 1.4423 in Asia before recovering slightly to trade around 1.4438 levels.
  • Price action yesterday once again established around 1.44 as a strong support zone .
  • Pair’s recovery from daily lows or a possible dip to 1.4413 (38.2% of 1.3835-1.4770) followed by a recovery above daily 5-SMA at 1.4435 could translate into a quick fire move to 1.4480 (daily 10-SMA). Further upside could run out of steam near 1.4530-1.4549.
  • On the downside, only an hourly close below 1.4387 (rising trend line support on daily) would signal continuation of the fall from the recent cyclical high of 1.4770.
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