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Extends Range Higher

GBPUSD TECHS
  • RES 4: 1.4001 High Jun 23
  • RES 3: 1.3983/90 High Jul 30 / 61.8% of the Jun 1 - Jul 20 sell-off
  • RES 2: 1.3958 High Aug 4
  • RES 1: 1.3913 High Sep 14
  • PRICE: 1.3847 @ 16:18 BST Sep 14
  • SUP 1: 1.3801/27 20-day EMA / Low Sep 8 and key S/T support
  • SUP 2: 1.3680 Low Aug 27
  • SUP 3: 1.3602 Low Aug 20
  • SUP 4: 1.3572 Low Jul 20 and the bear trigger

GBPUSD traded solidly ahead of the London close, rising through the bull trigger to extend the upside range to 1.3913. These gains faded into the close for the pair to finish flat, but remains bullish in the near-term. The break of 1.3892 confirms a resumption of the recovery from Aug 20 and open 1.3958 next, Aug 4 high ahead of a key resistance at 1.3983, Jul 30 high. Sub 1.3727 levels would instead signal the resumption of bearish pressure.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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