GBP/USD - Major Support Level Comes Into View

15 May 2020, 15:11 · Views 487

A more convincing cloud break as bears stamp their authority on price
Early Thurs weakness just stalling at the 30DMA lower Bolli, 1.2191
Apr 7 1.2166 low now the key support but bears look to major Fibo below
A 50% retrace of 1.1413 to 1.2648 is at 1.2031
Weeklies look ugly for the pound and target 1.2035 lower Bolli
Fading up-ticks favoured while below 1.2340, Wed high

Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.

Balasan 0

Tinggalkan pesan Anda sekarang

Terkait

PhoenixMan

0 Posted · 484 Followers

EA trader. Please follow my strategy pro-rata.

FIBO Group

Penilaian 0.0

GBP/USD

14,293 Pengikut

Artikel Lainnya

Hi guys, the price on the EUR/USD has sold off heavily lower in the last few sessions. As the attached daily and 4 hour charts show, price has also broken through multiple support levels when making this move lower. The best play in the near term could be to look to trade inline with this momentum lower with any quick rotations back higher into value. Price has just broken through the recent support level around 1.1691 and if we can see price move back into this level it could look to act as a new role reversal resistance level. This could also be a level to look for potential short trades with the recent momentum lower.

PhoenixMan

Hello guys. For the EUR/USD pair, at the beginning of the month the price bounced off the strong support line at 1.161 and rose very sharply. I expect the price to gradually decline to the 1.151 support level. Also, I believe that in the near future the price will fall to the nearest support line at 1.175. Good luck on trading!

PhoenixMan

Hi guys! The price for the EUR/USD pair is falling. I immediately saw two waves that go to strong resistance line. The price to return to the strong resistance line that EUR/USD broke 3 months ago. I expect the price to come to the resistance level and then bounce upward.

PhoenixMan

You can see that the EUR/USD has reached the resistance line and started to fall. I expect the price to return to the support line around 1.17 level and it is possible to go down to a strong resistance line.

PhoenixMan

Hi guys, Happy Monday! This is my GBP/USD Trade Analysis. Current trend of this pair is uptrend. support Levels: 1.3000. Resistance Levels: 1.3173. Whilst this level was previously holding repeatedly as a resistance level, price has now strongly broken above it. This level is now looking to act as a role reversal and new support level for a new push higher. If this level can hold as a new support in the coming sessions we can look for long trades and for a new leg higher. The next resistance comes in around 1.3173 which is a key level for this market as it has held as a major resistance on the daily chart many times this year.

PhoenixMan