Gbp/Usd is still quite bullish and moving in an ascendant channel, thus indicators seem a bit exhausted to the upside in 4 hours charts. capped by 1.6500, clear break above that level is needed to see the pair gain upside momentum, with next resistances at 1.6547 and 1.6610. To the downside, supports will lie at 1.6400, and 1.6365 zone, base of the ascendant channel. Break under that line, could accelerate sells in the pair with next important support zone around 1.3290.
The Advisor Weblog
Subscribe
Categories
Archives
Recent Comments
- Valeria Bednarik on Don’t use the word intervention
- Ferdous on Don’t use the word intervention
- Valeria Bednarik on Don’t use the word intervention
- Ferdous on Don’t use the word intervention
- Ferdous on Don’t use the word intervention
Next webinar
Weekly Webinar: 1st on Forex - The Week Ahead
by Jerry Furst
November 09, 17:00 GMT
Register for the webinar
Follow the markets with 


hi valeria, hope you doing good !! when can we expect a trend change in gbp/usd ? and what do you think about weekend move for tomorrow can gbp/usd cut previous high 1.6670 ?
Hi Tarum, tks! I believe long term first signal of a bearish trend for Gbp will come under 1.5770 zone. Above 1.6530, I expect yes a retest of the highs.
Regards
Val