Trial now
SILVER TECHS

Consolidating

GOLD TECHS

Needle Still Points South

GOLD TECHS

Needle Still Points South

BUNDS

ECB forum on CBs starts

WTI TECHS

(X1) Defying Gravity

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 1.4074 Low Jun 10
  • RES 3: 1.4001 High Jun 23
  • RES 2: 1.3910 High Jul 12 and a key resistance
  • RES 1: 1.3884/94 50-day EMA / High Jul 27
  • PRICE: 1.3876 @ 19:37 BST Jul 28
  • SUP 1: 1.3720/3572 Low Jul 23 / Low Jul 20 and the bear trigger
  • SUP 2: 1.3520/3493 Low Jan 18 / 2.0%10-dma envelope
  • SUP 3: 1.3452 Low Jan 11
  • SUP 4: 1.3430 Low Dec 28, 2020

GBPUSD is testing the 50-day EMA. The average intersects at 1.3884 Wednesday and represents a key short-term resistance area and is key for the near-term outlook. A bearish trend structure remains intact. A clear break though of the 50-day EMA and a close above would threaten a bearish view and expose a key short-term resistance at 1.3910, Jul 12 high. A turn lower would signal the end of the recent bounce and open 1.3572, key support and Jul 20 low.