TipTVFinance

GBP/USD - Play the breakout

FX:GBPUSD   British Pound / U.S. Dollar
15-min chart pattern - sideways channel - 1.3165-1.3056

At the moment, there is little hint of a bullish/bearish move on charts.

Hence, it is advisable to play the breakout. Above 1.3165 we could go to 1.3315 (23.6% of 1.5019-1.2789). On the other hand, below 1.3056, the spot is likely to test 1.29 levels.

UK preliminary estimate of Q2 GDP is likely to show growth rate ticked higher to 2.1%. But remember, this GDP represents most of the pre-Brexit period. Hence, uptick in GBP may receive little attention from the markets.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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