FX:GBPUSD   British Pound / U.S. Dollar
126 0
GBP/USD is currently in a broadening wedge formation. On Friday, price retested the daily 200EMA and, again, was rejected. Next test of support will be the 13EMA (blue line) which I feel will hold.

I recommend staying out of the GBP market due to the Brexit outcome potentially being released this week. This market will be high volatility , high risk and high reward.

I'm not trading this market until a solid Brexit decision has been made.
Comment: Price tested the support level as expect and gave strong bullish pressure. The daily 200EMA will be the tipping point and first major resistance. I think a strong Brexit deal is what will take us past the resistance and give us a fresh bull move.

Be cautious as this market could swing wildly.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out