GBP/USD: consolidation
How does the GBP/USD look like?
GBP/USD failed at resistance
Information is not investment advice
GBP/USD got once again rejected down from 1.2760. The 50-day MA is having a bearish bias and creating further resistance at 1.28. On H4, we see that support is provided b the 50-period MA at 1.2650. The decline below this level will confirm a temporary top and open the way down to 1.26.
Resistance lines in the 1.2715/25 area. Only above these levels GBP/USD may once again try to retest this week’s highs.
The pair will be affected on the intraday basis by British Inflation Report hearings and US durable goods orders.
Elizabeth Belugina
Similar
USD/JPY is pressured by resistance
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
STOCKS: mystery ahead
S&P was looking upwards just a day ago. Something changed?
Popular
S&P: to fall or not to fall
Will there be lower bottom with S&P or not? Let's analyze together.
GBP/USD: consolidation
How does the GBP/USD look like?
GBP or NZD: which currency has potential?
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
Choose your payment system
