TipTVFinance

GBPUSD - New range established

FX:GBPUSD   British Pound / U.S. Dollar
Chart - Hourly Chart

Range - 1.4541 - 1.4443

Traders should wait for a breach of the trading range rather than attempt taking sides as of now.

However, in our view, a possibility of the pair seeing an upside break from the trading range are high because -

  • The downside has been capped around 1.4443 despite horrible UK PMI figures released this week.
  • Furthermore, a higher rise in annualised US wage growth number in April also failed to push the pair below 1.4443 levels.

Nevertheless, it is essential to wait on the sidelines and not pick sides as of now.


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