GBPUSD Targets Confluence of Support at 1.3020

OANDA:GBPUSD   Britisches Pfund / US-Dollar
If you’re still on the sideline, the best approach might be to wait for a daily close (5 pm EST) below the confluence of support at 1.3020. Such a close would expose the August low at 1.2770. A break below that would target the June lows near 1.2615.

The longer-term target for an ascending channel is usually the pattern’s low. In the case of the GBPUSD , that would be the March low just above 1.2100. However, keep in mind that a move of that magnitude would take several weeks if not months to play out.

But sellers first need to secure a daily close below the 1.3020 area. Without that, the pound sterling will likely remain range bound between 1.3020 support and 1.3250 resistance.

Source: http://bit.ly/2yccSfF
Get Forex price action setups here: http://bit.ly/2y1e6GM

Weekly forecasts here: http://bit.ly/2f3n66Q

Free Webinar: 7 Secrets of Consistent Forex Profits: http://bit.ly/2y14zQ3
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