TipTVFinance

GBP/USD – Bears in control, eyes 23.6% Fibo support

FX:GBPUSD   British Pound/U.S. Dollar
Daily Chart pattern - Rising trend line breached, RSI below 50.00

Support – 1.4333-1.4330, 1.43, 1.4275

Resistance – 1.4374, 1. 44             , 1.4441-1.4459

  • Cable’s breach of rising trend line on day end closing basis on Friday coupled with break in RSI below 50.00 indicates the bears are in control of the pair.
  • This coupled with failure to sustain above 1.4374 means the pair could be heading lower to 1.4330 (23.6% of 1.5930-1.3835). A violation there would expose 1.43 handle.
  • On the higher side, a clear break above 1. 44             (rising trend line hurdle) is essential to weaken bulls and open doors for a test of resistance at 1.4441-1.4459.
United States
United Kingdom
India
Deutschland
España
France
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out