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.
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