Cable is bullish until 1.5090 holds.

FX:GBPUSD   British Pound / U.S. Dollar
Awating for the US data, GBP is moving between 0.382 and 0.618 levels of this huge downtrend pitchfork .

Below this level, the 1.50900 major support area (May 04/05) might be considered as a good target if the US data is better than expected.
If the data will be much higher than the expected, 1.272 fibo level (1.49857) should be the next target (where lower level of the pitchwork intercepts with 1.272 fibo). Keep in mind that below this level 1.4740/50 is the next and only support.

In my opinion, the data will be the same as the expected. In this situation, i'm expecting GBPUSD             to hit the median (red bold line, 1.5270/80) or even higher levels: 1.53350 major resistance / 100MA or 0.286 of the pitchfork .
IF 1,5090 still holds with a very good US data: LONG it.
IF the data is worse than the expected LONG it.
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