FxWirePro
Short

GBP/USD hits 3- week low, good to sell on rallies

FX:GBPUSD   Britisches Pfund / US-Dollar
237 views
7
237 0
Cable hits 3- week low and has broken major support 1.3100 handle on account strong US dollar and increasing yield spread between US and UK. The pair dipped till 1.30700 and is currently trading around 1.30910.

Markets awaits US advance GDP Q/Q for further direction. Any positive surprise in the data will increase the chance of rate hike in the coming months.

The pair is trading well below trend line support at 1.3120 (trend lien joining 1.30270 and 1.30878) and this confirms minor weakness, a dip till 1.30270 likely. Any further weakness can be seen only below 1.30270 and break below will drag the pair till 1.3000/1.29689 (161.8% retracement of 1.31030 and 1.32794).

On the higher side, near term resistance is around 1.3170 and any break above will take the pair to next level till 1.3230/1.3300. Minor bullishness can be seen only above 1.3300.

It is good to sell on rallies around 1.3130 with SL around 1.3170 for the TP of 1.30280
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden