-
GBPUSD to Start Next Week on Shaky Ground
At the start of the week, I pointed out a wedge pattern on GBPUSD. Since climbing above the 1.3000 handle on February 19th, the pair has held above the level on a daily closing basis. Until yesterday’s session… Thursday’s 1.2983 close puts the pound below 1.3000 which means the area should begin serving as new resistance. We’re already seeing a few sellers defend this area so far today. But keep in mind that support and resistance levels in the market are often zones rather than exact prices. That means 1.3000 could extend as low as 1.2975 or so. However, I do think the GBPUSD is vulnerable while below ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Apr 19, 2019 3:28pm Apr 19, 2019 3:28pm
- Hutch
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 689 Comments
- Comment #2
- Quote
- Apr 20, 2019 3:07am Apr 20, 2019 3:07am
- NotAtrader
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
- Comment #3
- Quote
- Apr 20, 2019 12:04pm Apr 20, 2019 12:04pm
- Hutch
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 689 Comments