fxstraderomi
Long

GBP/USD - Bulls to gain an upperhand

FX:GBPUSD   British Pound / U.S. Dollar
41 0 0
Upside breakout from sideways channel

On the hourly chart, the spot has breached the sideways channel, but the gains are being repeatedly capped at 1.5638 (38.2% Fib of June rally). The likelihood of the pair taking out 1.5638 is high today, as the spot jumped from the critical support at 1.5607 (23.6% Fib of Apr-Jun rally). A break above 1.5638 shall open doors for 1.5676, followed by 1.5714 (rising trend line resistance). Meanwhile, a failure to take out 1.5638 could push the spot back to 1.5580.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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