GBPUSD - Rising trend line intact

FX_IDC:GBPUSD   British Pound / U.S. Dollar
Resistance – 1.4617-1.4639, 1.4669, 1.47

Support – 1.4578-1.4568, 1.4519, 1.4472

  • Cable’s sideways action around key support at 1.4578 amid rising channel formation on hourly chart indicates room for another attempt at 1.4617-1.4638.
  • A rebound from rising channel support could trigger a quick fire rise to 1.4617-1.4638 levels.
  • Conversely, a break below rising channel support would expose hourly 50-MA support now seen at 1.4519.
  • Overall, bullish invalidation is seen only if larger rising trend line support is breached.

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