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Thread: Gbp/usd Trend

  1. #1
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    Default Gbp/usd Trend

    The British pound moved within the upside channel again yesterday as the bullish momentum managed the upside potential. Today, we expect the pound to progress towards the upside until the key resistance level at 2.0430s.

    The trading range for today might be between the key resistance level at 2.0480 and the key support level at 2.0300.


    The general trend is up as far as 1.9700 remains intact targets now at 2.0635 and 2.0740.

    buying sterling above 2.0350 with a target at 2.0440, stop loss below 2.0290.

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    Default

    Quote Originally Posted by reky View Post
    The British pound moved within the upside channel again yesterday as the bullish momentum managed the upside potential. Today, we expect the pound to progress towards the upside until the key resistance level at 2.0430s.

    The trading range for today might be between the key resistance level at 2.0480 and the key support level at 2.0300.


    The general trend is up as far as 1.9700 remains intact targets now at 2.0635 and 2.0740.

    buying sterling above 2.0350 with a target at 2.0440, stop loss below 2.0290.
    hello
    against you i think that cable is bearish for this week and next weeks
    it is just my analysis
    and market is wating for News certainly NFP and interest rate of GBP

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    Default

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