Get started
OctaFX_Official

GBPUSD SELLERS NEED TO HOLD PRICE BELOW 1.2790

British Pound / U.S. Dollar (FX:GBPUSD)  
OctaFX_Official  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns GBPUSD pound dollar octafx support Support and Resistance
1
0
trendanalysis indicator chartpattern gbpusd pound dollar octafx support supportandresistance
The British pound is once again under technical selling pressure against the US dollar following a key range breakout to the downside. GBPUSD sellers need to hold price below the 1.2790 level in order to build bearish momentum for a test of the former weekly low. Buyers need to break the 1.2882 level for further bullish advancement toward the 1.2988 resistance level.

The GBPUSD pair is only bearish while trading below the 1.2790 level, key technical support is now found at the 1.2732 and 1.2695 levels.

If the GBPUSD pair trades above the 1.2790 level, key intraday resistance is found at the 1.2835 and 1.2882 levels.

Related Ideas

OctaFX_Official
GBPUSD WATCHING 1.2940 RESISTANCE LEVEL
OctaFX_Official
GBPUSD IN CONSOLIDATION MODE
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.