Tuesday, December 6, 2022

Chart Of The Day GBP/USD

-


The has been quietly rallying as we near some key resistance from the 1.3300 to the 1.3500 levels. 1.3322 is the 78% retracement of the Sept 1 high to Sept lows. Above that is the underside of the broken trend line (pink) and 161% extension of the last move lower at the end of October.

Above that is the long term trend line and horizontal resistance near the 1.3500 level. You may not think we could break that, but the GBP is one major headline from doing it. Lack of any new Brexit developments, we could see sellers stepping in soon ahead of these levels.

GBP/USD Daily Chart
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

FOLLOW US

0FansLike
3,599FollowersFollow
0SubscribersSubscribe
spot_img

Related Stories