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.

GBP/USD: key technical levels

GBP/USD: key technical levels

Information is not investment advice

GBP/USD is having a third bullish week in a row. The pair has reached our previous buy target at 1.25 and may be up for more given its clear attempt to form a base around 1.20 and the previous break above 1.23. In the short-term, the pair may test lower levels as there's bearish divergence on the H4. The key level for the upside is 1.25 (100-day MA, previous week's highs): the decline there may attract new buyers that will aim at 1.2700/30. If, however, GBP/USD slides below 1.2490, it will be the time for selling with targets at 1.2440 and 1.2390.

GBPUSDH4.png

Similar

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Popular

AUD/JPY looks exposed

AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

Choose your payment system

Learn more