474
I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

GBP/USD: technical analysis

Sergey Logachev

GBP/USD: technical analysis

The price has been rising since a “Triple Bottom” was formed at the last low. The local downward trend has been broken, so it’s likely to see a rise towards a resistance area between the levels 1.4148 – 1.4172. If we see a pullback from these levels, the market might start falling down towards a support between the levels 1.4042 – 1.3958. 

GBP/USD: technical analysis

There’s a consolidation in progress along the support 1.4078. Previously, the local downward trend has been broken. It’s likely to see a bearish movement to a support area between the levels 1.4152 – 1.4167. However, bulls might come back and try to reach a resistance area between the level 1.4018 and the 55 Moving Average line.

GBP
Scroll to top