TipTVFinance

GBP/USD – Bearish pinbar at critical resistance

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Resistance – 1.4706, 1.4770-1.4782, 1.48

Support – 1.4642, 1.4616, 1.4540

  • Pair’s run up to a high of 1.4782 followed by a fall back to below previous high of 1.4770, trend line (black) level and 200 day sma led to formation of bearish pinbar candle on the daily chart .
  • The spot has inched higher in early Europe to trade around 1.4690 and is looking to take out trend line (black) resistance.
  • Pair’s failure to do so if followed by a drop below 200-DMA and a subsequent move below Asian session low of 1.4642 would add credence to bearish pinbar formation and open doors for a drop to major support at 1.4540.
  • On the higher side, a day end closing above 1.48 is required to convince bulls about the sustainability of the current rally.

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 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