Menu
Sister Sites

  • British Pound Forecast: GBP/USD Battle Lines Drawn at Support

    From forex.com

    The British Pound held support for a second week with GBP/USD carving the April opening-range just above the 2024 range lows. The stage is set for a breakout in the days ahead with key US inflation data on tap next week. These are the updated targets and invalidation levels that matter on the GBP/USD weekly chart. Technical Outlook: In last month’s British Pound Weekly Forecast we noted that GBP/USD was trading within a well-defined range, just below resistance at “1.2773-1.2816 with a weekly close above 1.2906 needed to mark resumption of the multi-year uptrend.” Sterling ripped higher days later with GBP/USD ... (full story)

  •  Guest
  • | IP XXX.XXX.124.52
did they mention that gap down to 1.2573x at 18.00 Zimbabwe time on 03 April is still open? I went short before NFP and it did not hit my TP at the top of the gap, so closed out after a few minutes with nice profit. So there is still an open gap.
  • New Comment
  •  Guest
  • | IP XX.XX.14.82
Join FF
  • Story Stats
  • Posted: Apr 7, 2024 4:00am
  • Submitted by:
     Newsstand
    Category: Technical Analysis
    Comments: 1  /  Views: 4,356

  • Related Stories