GBPUSD Analysis: Support and Resistance
A double top has triggered on the daily chart which opens deeper setbacks towards a pattern objective that coincides with the 2017 high, a previous resistance turned support. Ultimately however, this market should be well supported into 1.3400-1.3500 area, with the major pair carving out a longer-term bottom.
In this analysis, we take a look at GBPUSD each day, highlighting all of the need to knows for anyone looking to extract up to date information on major levels and relevant trends, both short term and longer-term. The analysis is designed for the trader, investor and even those simply holding Sterling (Pounds) or US Dollars, looking for an idea of where they may want to consider making that next conversion.
The GBPUSD update is new each day and is presented with an added layer of animation, in an effort to make the analysis as engaging as possible, while also communicating the message with respect to key trends and levels in an easy to understand, seamless manner with great value add to all.
Author
LMAX Group Research Desk
LMAX Group
LMAX Group is a dynamic, visionary and award-winning financial technology company.
