GBP/USD: review and forecast
Current trend
On Monday the GBP/USD pair opened with a gap up at 1.4462 and then corrected down to the level of 1.4420.
Support and resistance
The price range of Bollinger Bands is widening. The pair broke out the upper MA but then returned into the range and may continue moving down towards the middle MA of the indicator.
Support levels: 1.4420, 1.4370, 1.4330, 1.4280.
Resistance levels: 1.4490, 1.4550.
Trading tips
Short positions can be opened at the current levels with targets at 1.4370, 1.4280 and stop-loss at 1.4490.
Pending buy orders can be placed above the level of 1.4490 with the target at 1.4550 and stop-loss at 1.4220.
On Monday the GBP/USD pair opened with a gap up at 1.4462 and then corrected down to the level of 1.4420.
Support and resistance
The price range of Bollinger Bands is widening. The pair broke out the upper MA but then returned into the range and may continue moving down towards the middle MA of the indicator.
Support levels: 1.4420, 1.4370, 1.4330, 1.4280.
Resistance levels: 1.4490, 1.4550.
Trading tips
Short positions can be opened at the current levels with targets at 1.4370, 1.4280 and stop-loss at 1.4490.
Pending buy orders can be placed above the level of 1.4490 with the target at 1.4550 and stop-loss at 1.4220.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.