GBPUSD Technical Analysis: Can bullish move sustain?

FX:GBPUSD   British Pound / U.S. Dollar
Talking Points:

  • GBPUSD Technical Strategy: Neutral
  • Support: 1.5590, 1.5575, 1.5540
  • Resistance: 1.5630, 1.5645, 1.5670

The GBPUSD             is in consolidation zone and might be continue it’s consolidation for near future. Break of 1.5630 will open a door will challenge 1.5670 and 1.5730 resistance. On alternate, break of current support at 1.5600 will find support near 1.5670 and 1.5645.

On elliottwave view, we are holding temporary bullish view as part of correction label of wave A-B-C and our primary target will be 1.5730, while break of 1.5575 will invalidate our idea and suggest aggressive downside for wave 3.

We were short from 1.5605 level with initial stop loss at 1.5575 for targeting first half at 1.5720. Once our first objective met, we will move stop loss to break even.
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