Michael_Macdonald-XATSUK

GBP/USD poised for further gains in the coming weeks

OANDA:GBPUSD   British Pound / U.S. Dollar
23 0 2
GBP/USD             continues to extend gains.

Focus is now on the 1.2706 0.77% high of February, with rising momentum studies and the improving Tension Indicator (not shown) anticipating a further break towards critical resistance at the 1.2775 high of December.
A later close above here will confirm a significant rally, as the October 2016 bull trend gains traction and investors adopt an outright bullish stance Congestion around 1.3000 will then attract.

Support is raised to the 1.2375 low of 29 March. Any break beneath here should stabilise above the 1.2109 low of 14 March. Still further slippage, however, would delay higher levels and put focus back on critical support at the 1.1987 -3.75% low of January.
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 House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out