TipTVFinance

GBP/USD – Back-to-back inside candles on weekly chart

OANDA:GBPUSD   British Pound/U.S. Dollar
Buyers are just refusing to step in even though the sell-off in the GBP/USD             pair appears to have stalled. Dips below 1.22 are being bough into but the demand isn’t seen above 1.23 levels, thus gains have been limited.

Overall, the price action is sure to raise caution, however, the weekly chart still suggests the potential for a corrective move exits.

On the weekly chart, we see back-to-back inside candles. Inside candles at the bottom of the 2-year long downtrend suggests corrective rally ahead.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out