#GBPUSD @ 1.13426 : Buyers could continue to dominate in case 1.1440 resistance fails
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
GBP/USD advanced to a fresh two-week high above 1.1400 on Tuesday. The pair needs to clear 1.1440 to keep its bullish bias, FXStreet’s Eren Sengezer reports.
“On the upside, 1.1440 (200-period SMA) aligns as key resistance. In case buyers flip that level into support, GBP/USD could target 1.1500 (psychological level) and 1.1600 (psychological level).”
“The ascending trend line coming from September 28 aligns as key support at 1.1350 ahead of 1.1300 (psychological level, Fibonacci 61.8% retracement of the latest downtrend) and 1.1225 (100-period SMA).”
[/s2If]
Join Our Telegram Group
