TipTVFinance

GBP/USD – Stuck at trend line resistance

FX:GBPUSD   British Pound/U.S. Dollar
Resistance – 1.4710, 1.4770, 1.4806

Support – 1.4686, 1.4662, 1.4636

  • Pair is trading above its daily 200-day moving average for the first time since November 2015.
  • Failure to take out 1.4710 (black trend line resistance on daily) on hourly timeframe followed by a break below 200-MA on daily at 1.4686 would open doors for a re-test of 1.4636 (38.2% of Fibo retracement of July 2015 high-Feb 2016 low).
  • On the higher side, resistance at 1.4770 could be put to test if resistance at 1.4710 is breached on hourly closing basis.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out