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 under pressure

GBP/USD is under pressure

Information is not investment advice

GBP/USD has been consolidating between 1.3120 and 1.3010. Yesterday the pair broke below the support of the short-term triangle. This level is now providing resistance at 1.3080. The weekly pivot level is also keeping the prices under pressure below 1.3072. The moving averages on H4 are in the bearish position and favor the return of the price to 1.3010 and probably 1.2970.

Fundamentally, the decision to delay Brexit until October 31 may weight on the British pound as it means that the period of uncertainty about Britain’s economic future is extended.

GBPUSD h4.png

Similar

Popular

Choose your payment system

Learn more