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AbsoluteWillid

GBPUSD TODAY 22/08/23

British Pound / U.S. Dollar (FX:GBPUSD)  
AbsoluteWillid  
FX:GBPUSD   British Pound / U.S. Dollar
Technical Indicators Trend Analysis Moving Averages GBPUSD cable
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indicator trendanalysis movingaverage gbpusd cable
GBPUSD is starting to break its 100-period moving average (MA100) and entering the area of 1.27488 - 1.27685. Cable is waiting for a breakout to occur along with a golden cross between MA8 and MA100 to confirm a short-term uptrend. However, due to the relatively chaotic MA Pattern, it's better to observe GBPUSD's movement today before entering positions.


Let's wait for a clearer trend on Cable before entering positions.

R3 1.28227
R2 1.28072
R1 1.27685
PV 1.27488
S1 1.27149
S2 1.26961
S3 1.26688
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