TipTVFinance

GBP/USD – Corrective rally likely, losses seen below 1.4114

FX:GBPUSD   British Pound/U.S. Dollar
Resistance – 1.4192, 1.4243, 1.4302

Support – 1.4114-1.4090, 1.4056, 1.4030

  • Pair’s repeated failure to sustain below 1.41 amid rising bottoms on hourly RSI indicates prices could see a corrective rally to 1.4192 (61.8% of 1.3835-1.4770). A violation there would expose 1.4243 (5-DMA).
  • On the lower side, a failure to take out/near hourly 50-MA followed by a break below 1.4090 would reinforce bears and shift risk in favor of a drop to 1.4030 levels.
  • Economic data release in the UK – employment and average weekly earnings – is once again likely to be ignored in the wake of Brexit uncertainty.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out