GBPUSD closed below 200 day MA again.

For now 1.3420/1.3385 is next level to watch.

The large divergence should be taken into account.

Once upside resolved the triangle, 1.3697/1.3768 should be the target.

Daily support      Levels: 1.3427 1.3371 1.3383 1.3365 1.3338

Daily resistance Levels: 1.3471 1.3479 1.3491 1.3505 1.3553

Intraday Trade Idea: (spot 1.3433)

①Buy Limit @ 1.3399 SL @ 1.3360 Take Profit @ 1.3452

②Sell Limit @ 1.3553 SL @ 1.3585 Take Profit @ 1.3530

Click on the image to enlarge

gbpusd chart

We provide Daily FX Report, Trade Copy, Email Alert and MT4 EA Rental. Free trial and 30 Days Money Back policy will be valid forever!. All the services could be Free

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD dips below 0.6600 following RBA’s decision

AUD/USD dips below 0.6600 following RBA’s decision

The Australian Dollar registered losses of around 0.42% against the US Dollar on Tuesday, following the RBA's monetary policy decision to keep rates unchanged. However, it was perceived as a dovish decision. As Wednesday's Asian session began, the AUD/USD trades near 0.6591.

AUD/USD News

EUR/USD edges lower to near 1.0750 after hawkish remarks from a Fed official

EUR/USD edges lower to near 1.0750 after hawkish remarks from a Fed official

EUR/USD extends its losses for the second successive session, trading around 1.0750 during the Asian session on Wednesday. The US Dollar gains ground due to the expectations of the Federal Reserve’s prolonging higher interest rates.

EUR/USD News

Gold wanes as US Dollar soars, unfazed by lower US yields

Gold wanes as US Dollar soars, unfazed by lower US yields

Gold price slipped during the North American session, dropping around 0.4% amid a strong US Dollar and falling US Treasury bond yields. A scarce economic docket in the United States would keep investors focused on Federal Reserve officials during the week after last Friday’s US employment report.

Gold News

FTX files consensus-based plan of reorganization, awaits bankruptcy court approval

FTX files consensus-based plan of reorganization, awaits bankruptcy court approval

FTX has filed a consensus-based plan for its reorganization, coming almost two years after the now defunct FTX filed for Chapter 11 Bankruptcy Protection in the District of Delaware.

Read more

Living vicariously through rate cut expectations

Living vicariously through rate cut expectations

U.S. stock indexes made gains on Tuesday as concerns about an overheating U.S. economy ease, particularly with incoming economic reports showing data surprises at their most negative levels since February of last year. 

Read more

Majors

Cryptocurrencies

Signatures