Sterlina / DollaroShort
GBP/USD: Selling into the rebound
The setup is similar in EUR/USD & GBP/USD - because of the dollar in both major pairs!
The GBP price is testing the broken uptrend line on the weekly- and could break above it.
On the daily chart, a downtrend line has already broken and so has critical resistance at 1.25, suggesting a break above the weekly uptrend line
Should the breakout follow-through it faces resistance at 1.28 from the December high and 30 week (150 day) moving average.
However, should the breakout fail - it sets up a likely continuation of the longer term downtrend.
The GBP price is testing the broken uptrend line on the weekly- and could break above it.
On the daily chart, a downtrend line has already broken and so has critical resistance at 1.25, suggesting a break above the weekly uptrend line
Should the breakout follow-through it faces resistance at 1.28 from the December high and 30 week (150 day) moving average.
However, should the breakout fail - it sets up a likely continuation of the longer term downtrend.
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Market Analyst for:
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spreadex.com/financials
Key To Markets
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Signup to my newsletter:
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Key To Markets
keytomarkets.com/
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Key To Markets
keytomarkets.com/
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.