empty
 
 
30.06.2021 01:16 PM
GBP/USD Rejected By Support Zone

GBP/USD rallied in the short term after finding support. It's located at 1.3861 level and it could approach and reach the immediate upside obstacles.

The British Pound has increased in the last hours even though the UK data has come in mixed. You should be careful later today as the US data could bring high volatility. Some poor US economic figures could push GBP/USD higher.

Technically, the pair has shown some oversold signs, that's why we should search for long opportunities.

GBP/USD Trading In The Green!

This image is no longer relevant

GBP/USD has found support on the 1.3823 level and now it could come back to retest the descending pitchfork's upper median line (uml) and the weekly pivot point (1.3885).

Making a valid breakout through these levels could really announce a larger growth in the short term. The pair could be attracted by the confluence area formed at the intersection between the pivot point with the upper median line (uml).

Conclusion!

GBP/USD failed once again to approach and reach the descending pitchfork's median line (ml) signaling an upside movement. A valid breakout above the immediate resistance levels could bring a great long opportunity with a potential upside target at 1.4000 psychological level.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback