TipTVFinance

GBP/USD – Strong support around 1.2240

FX_IDC:GBPUSD   British Pound / U.S. Dollar
Despite the retreat from the high of 1.2333, the odds of a bullish move remain intact given the bullish price RSI divergence on the intraday charts last week and the bullish inverted hammer candle on the daily.

Furthermore, short-term moving averages – 5-DMA and 10-DMA appear to have bottomed out. Thus a rebound from 1.2240 appears likely and could yield a move back to 1.2330 and 1.2380 levels.

On the lower side, only a daily close below Oct 12 low (inverted bullish hammer candle) of 1.2115 would signal a fresh sell-off.
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