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Clears Key Support

GBPUSD TECHS
  • RES 4: 1.4074 Low Jun 10
  • RES 3: 1.4001 High Jun 23 and key resistance
  • RES 2: 1.3828/3906 20-day EMA / 50-day EMA
  • RES 1: 1.3690/3733 High Jul 20 / Low Jul 2
  • PRICE: 1.3615 @ 06:10 BST Jul 21
  • SUP 1: 1.3572 Low Jul 20
  • SUP 2: 1.3520/19 Low Jan 18 / 2.0%10-dma envelope
  • SUP 3: 1.3452 Low Jan 11
  • SUP 4: 1.3430 Low Dec 28, 2020

GBPUSD extended losses Tuesday and has cleared support at 1.3669, Apr 12 low. The break lower reinforces the current bearish theme and with moving average studies continuing to point south, further weakness is likely. The pair has tested 1.3579, 38.2% of the Mar '20 - Jun rally. An extension lower would open 1.3520, the Jan 18 low. The 2.0% 10-dma envelope intersects at 1.3519. Initial resistance is at yesterday's 1.3690 high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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