FxWirePro
Short

GBP/USD faces strong resistance at 1.468,good to sell on rallies

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
315 1 8
Major resistance -1.4675 (55 day MA)

The pair has declined after making a high of 1.46677 post Hawkish BOE monetary policy . It is currently trading around 1.45564.

Bank of England cuts inflation and growth projection yesterday, and this confirms that central bank unlikely to hike rates soon

On the lower side minor support is around 1.4520 and any break below targets 1.4480/1.4440/1.43750.

Any break above major resistance 1.4675 will take the pair to next level around 1.4750/1.4795.

The minor resistance are around 1.4600/1.4650.

It is good to sell on rallies around 1.4575-580 with SL around 1.4680 for the TP of 1.4325/1.4240.
Thanks for all the charts and work, a lot are very useful and sharp in the analysis compare to others. Thank you for sharing your true expertise. I don't miss any of your post for months now.Cheers from Singapore.
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out