Get started
MMQ_FX

GBPUSD - Respecting Levels

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
MMQ_FX  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Support and Resistance GBPUSD cable sterling pound britishpound dollar DJ FXCM Index keylevels
1
2
trendanalysis supportandresistance gbpusd cable sterling pound britishpound dollar usdollar keylevels
As we can see from the chart, GBPUSD has been respecting the highlighted zones well.

I am expecting GBPUSD to reverse off its current level of support turned resistance, to revisit the June lows at the 1.36 region. Price has tried to break upward several times over the past couple of days, and for that reason my bias is short.



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.