FX:GBPUSD   British Pound / U.S. Dollar
The Pound has been in a clear channel over the last year. Support can be appreciated by the 13 EMA , and there is a clear rising trendline .

The moving averages 13/50 reflect the uptrend.

Price has reached the significant crossroad touching the 200 MAV .

There could be 2 possibilities from here.

Price Falters

The 200 MAV @ 142.41 has seen price stopped just below for the prior week.

Significant resistance is present above at 1.4575 , with prominent horizontal resistance from early 2015 and mid 2016 , together with the .50 fib retracement of the downtrend from June 2014 to Oct 2016.

From a wave perspective , a possible wave count could see the present price movement look to complete a wave 4 around the .50 fib.

Price Rises

Price would need to have a clear break of 1.46 , and a long perspective to 1.58 may be in order to the next level of significant resistance.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out