FxWirePro
Long

GBP/USD is facing resistance around 1.5815, good to buy at dips

FX:GBPUSD   Pound Sterling/U.S. Dollar
281 3 3
•RES4: 1.6025 (100% projection of 1.4564 to 1.54997 from 1.50880)

•RES3:1.5855

•RES2: 1.5815 (161.8% retracement of 1.5746 and 1.50880)

•RES1: 1.5750 (161.8% retracement of 1.5497 and 1.50880)


PRICE: 1.5725@ 05:00 GMT            

•SUP1: 1.5695 ( 61.8% Retracement of 1.5634 and 1.5813)

•SUP2: 1.5630 (May 13th low)

•SUP 3: 1.5590 (23.6% retracement of 1.5088 and 1.5746)

•SUP4:1.5530 (200 day HMA )



GBP/USD             once again made a high of 1.5807 and is retreated from that level. Therefore GBP/USD             has formed temporary top around 1.5185 and any further bullishness only above that level.

Technically GBP/USD             major resistance around 1.5815 and any break will target 1.5815/1.6020 in short term.

Intraday minor support is 1.5695 and any break below will target 1.5630/1.5590.Intrady weakness only below 1.5695.

It is good to buy around 1.5725 for the target of 1.5815/1.5855 with stop around 1.5695.




I have 1.5855 target around 3am BST where cable makes its final TP, passing the black fibonacci band, and then fall back to 1.53
snapshot
Reply
FxWirePro PRO juancho.villalba.7
It has broken 1.5695 .It will reach till 1.5630
Reply
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