GBPUSD Bullish Eyes Further Upside!

0
48

Outlook in GBPUSD remains on the upside as long as 1.3227/1.3169 support holds on a 4-hour closing basis, resistance comes at the 1.3340 levels a halt is likely but a break would open 1.3396 levels, further upside, resistance stands at the 1.3469 levels.

On the downside, support comes at the 1.3227 levels ahead of the 1.3169 levels, a cut through that level will bring a corrective pullback towards the 1.3061/1.3030 levels where another rise is likely, however; below that level will extend the pullback towards the 1.2919 levels…

Conclusion: The GBPUSD continues to face upside threats above the 1.3227/1.3169 levels…(minor support 1.3267)…

Support and resistance: 1.2919, 1.3030, 1.3061, 1.3169, 1.3227, (1.3267 minor level), 1.3340, 1.3396, 1.3469.

Trend direction: upwards.

Recommendations: buying on dips…

Note, today at 08:30 GMT, the U.K monthly employment report is likely to bring a buying opportunity…

GBPUSD Weekly Forecast

SHARE
Previous articleEURUSD ٌRemains Vulnerable, Faces Pullback Threats!
Next articleUSDJPY: Outlook Turns Higher But With Caution!
HAITHAM653
I’ve been in the fx market since 2007, In this website, I'm gonna share with you the knowledge and the experience that I obtained through the years, I analyze the markets from technical and fundamental perspectives. I cover, short/medium to longer term forecasts, that fits all kind of traders from beginners to professionals, my primary mission is to get the real pulse of the market to our readers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here