FxWirePro
Long

GBP/USD takes support near Kijun-sen, good to buy at declines

FX:GBPUSD   British Pound/U.S. Dollar
139 0 0
•RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648)

•RES3: 1.55512 (Feb 26th high)

•RES2: 1.54399 (88.6% retracement of 1.5512 and 1.4564)

•RES1: 1.5397 (Tenken sen)

PRICE: 1.535@ 05:53 GMT

•SUP 1: 1.5300 (Kijun-Sen)

•SUP 2: 1.5260 (Resistance turned into support)

•SUP 3:1.5160 (23.6% retracement of 1.45648 and 1.5345)

•SUP4: 1.5100


GBP/USD             has formed double top around 1.5500 and retreated from that level. This confirms it has formed temporary top around 1.5500 and any further bullishness only above that level.

On the upside major support is around 1.5250. Any break below will take the pair till 1.5160.

It is good to buy at dips around 1.5320 for the target of 1.5480 with stop around 1.5245.




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