Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
GBP/USD: is there any hope?

GBP/USD: is there any hope?

Information is not investment advice

GBP/USD is a hard thing to trade right now given the concerns about Brexit. This week, however, the pound has found some temporary relief as investors’ concerns went down a notch. In addition, the pair was supported by the broad weakness of the USD.

If you look at the H4 chart, you will see a series of higher lows. The price is also above the 100- and 50-period MAs. All of this would allow the pound to gain if the US data disappoints. The rise above 1.2750 will allow the pound to get to 1.2795 (38.2% Fibo of the May decline). Bears will regain their powers below 1.2680.

GBPUSD 07.png

Similar

XAU/USD: where to next?

XAU/USD has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865.

Popular

Choose your payment system

Learn more