GBP/USD faces strong resistance at 1.469,good to sell on rallies

FX:GBPUSD   British Pound / U.S. Dollar
257 0 3
Candle stick pattern formed – Shooting Star

Major resistance -1.4690 (55 day MA)

The pair has declined after making a high of 1.4648.It is currently trading around 1.45735.

On the lower side minor support is around 1.4545 and any break below targets 1.4500/1.4450/1.43750.

Any break above major resistance will take the pair to next level around 1.4750/1.4795.

The minor resistance are around 1.4600/1.4650.

Market awaits BOE’S Super Thursday which happens once in a quarter today for further direction. Today three major events happening in U.K namely BOE Monetary policy statement, inflation report and release of policy minutes. BOE Governor is expected to make a dovish comment and there will not be any interest rate hike this year .

It is good to sell on rallies around 1.4575-580 with SL around 1.4690 for the TP of 1.4325/1.4240.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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