Open account Log in

GBP/USD could gather demand soon

Read the article on FBS website

GBP/USD has been riding a bearish sequence in the short-term, according to our H1 chart projection. Currently, the pair is finding dynamic support in the 200 SMA, which also coincides with the demand zone established between the 1.3039 and 1.2970 levels across the board. If the pair does a rebound over there, we can expect further strength towards the -23.6% Fibonacci level around 1.3374.

RSI indicator is still at the negative territory, favoring for more declines in coming hours.

GBPUSDH4.png

Share with friends:

Similar

Latest news

Instant opening

This website is owned and operated by Mitsui Markets Ltd. Address: 133 Santina Parade, Elluk, Port Vila, Efate, Vanuatu.

Mitsui Markets Ltd. does not offer financial services to residents of certain jurisdictions, including, but not limited to: the USA, the EU, the UK, Israel, the Islamic Republic of Iran, Myanmar.


Payment transactions are managed by НDС Technologies Ltd.; Registration No. HE 370778; Legal address: Arch. Makariou III & Vyronos, P. Lordos Center, Block B, Office 203, Limassol, Cyprus. Additional address: Office 267, Irene Court, Corner Rigenas and 28th October street, Agia Triada, 3035, Limassol, Cyprus.


Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the Internet resources of any materials from this website is possible only upon written permission.


The information on this website does not constitute investment advice, a recommendation, or a solicitation to engage in any investment activity.

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.