FX:GBPUSD   British Pound / U.S. Dollar
63 0 3
Current trend

The GBP/USD             pair was growing, but did not manage to break out the resistance level of 1.3272, and started correcting down amid the lack of support from macroeconomic statistics.

Today attention needs to be paid to data on the Initial Jobless Claims and Durable Goods Orders, due in the US at 2:30 pm (GMT+2). Both indicators are expected to show growth.

Support and resistance

On the 4-hour chart, the price range of Bollinger Bands is narrowing. MACD histogram remains in the positive zone, but its volumes are falling gradually. Stochastic lines are directed down.
According to the indicators, short positions seem preferable.

Support levels: 1.3175, 1.3131, 1.3091, 1.3034.
Resistance levels: 1.3272, 1.3340, 1.3374, 1.3400.

Trading tips

Short positions can be opened below the level of 1.3175 with targets at 1.3131 and 1.3091.
Long positions can be opened after the breakout of the level of 1.3272 with targets at 1.3340 and 1.3374.
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
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