FxWirePro
Long

GBP/USD Short Term Outlook

FX:GBPUSD   British Pound/U.S. Dollar
282 0 5
GBP/USD             is trading higher ahead of UK 4Q GDP data which is to be released today.UK GDP is expected to have moderated to 0.6% in this quarter compared to 0.7% in Q3.

In the weekly chart GBP/USD             has formed bullish divergence and rebound till 1.5265 cannot be ruled out.

On the downside GBP/USD             is facing short term support at 1.4950 and break below will target 1.4810 in short term.

Recommendation: Buy GBP/USD             around 1.5065-75, SL 1.4949, Target 1.5248
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