1. FXTechstrategy
  2. Currency (Forex) Trading
  3. Friday, 29 December 2017
  4.  Subscribe via email
GBPUSD: The pair extended its recovery higher on Thursday to open the door for more strength. Support lies at the 1.3400 level where a break will turn attention to the 1.3350 level. Further down, support lies at the 1.3300 level. Below here will set the stage for more weakness towards the 1.3250 level. Conversely, resistance stands at the 1.3500 levels with a turn above here allowing more strength to build up towards the 1.3550 level. Further out, resistance resides at the 1.3600 level followed by the 1.3650 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure. On the whole, GBPUSD looks to strength further.

https://www.fxtechstrategy.com/wp-content/uploads/2017/12/GBPUSDDaily-4.png
Comment
There are no comments made yet.


There are no replies made for this post yet.
However, you are not allowed to reply to this post.

FF Asia is the premier South-East Asian forum on retail foreign exchange (Forex) trading. The community has attracted more than 24,000 traders since inception. The website serves its special interest network including media partnerships with event organizers, online discussion forums, social network, copy trading, provide economic report data, trading blogs and broker informational data.

english simplified chinese german japanese indonesian arabic filipino
french italian korean russian malay spanish thai
© 2018 FF Asia. All Rights Reserved.