TradablePatterns
Long

GBPUSD Offers Bounce Opportunity

FX:GBPUSD   Pound Sterling/U.S. Dollar
The GBPUSD             is looking fairly bullish now on the weekly chart as its RSI and Stochastics are turning up from oversold levels, while the MACD blue line appears to want to flatten. The first upside target is in the 1.63 zone, which is roughly where the 38.2% Fibonacci resistance level kicks in. The current bounce occurred off the 50% Fib support level . The 1.63 level is also near the 3 month downchannel resistance, and a horizontal resistance/support line going back to 2012. Longer term, I`m still bearish as the monthly charts point lower, to possibly a retest of the 2013 low.
Feel free to visit http://stks.co/h198G for today's technical analysis on $GC_F, $SI_F, $USDX, $EURUSD, $USDJPY             , $GBPUSD, $NG_F, $CT_F, $ZC_F, $ZW_F, $SB_F, $KC_F.

Website: http://tradablepatterns.com
FB: http://facebook.com/tradablepatterns
Stocktwits: http://stocktwits.com/TradablePatterns
Twitter: https://twitter.com/chu_darren
Linkedin: https://www.linkedin.com/in/darrenchu

Email: info@tradablepatterns.com
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
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