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Key Resistance Remains Exposed

GBPUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.2599 High Jun 7
  • RES 3: 1.2558 High Jub 9, 2022
  • RES 2: 1.2506 1.382 proj of the Sep 26 - Oct 5 - Oct 12 price swing
  • RES 1: 1.2446 High Dec 14 and the bull trigger
  • PRICE: 1.2343 @ 06:25 GMT Jan 19
  • SUP 1: 1.2154/2083 20-day EMA / Low Jan 9
  • SUP 2: 1.2053/2017 1.0% 10-dma envelope / 50-day EMA
  • SUP 3: 1.1842 Low Jan 6 and the bear trigger
  • SUP 4: 1.1779 Low Nov 21

GBPUSD remains firm. The pair traded higher Wednesday and in the process cleared short-term resistance at 1.2303, the 76.4% retracement of the Dec 14 - Jan 6 bear leg. The clear breach exposes 1.2446, the Dec 14 high and a key resistance. Clearance of this level would strengthen bullish conditions. On the downside, initial firm support is seen at 1.2083, the Jan 9 low. The 20-day EMA at 1.2154, is first support.

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  • RES 4: 1.2599 High Jun 7
  • RES 3: 1.2558 High Jub 9, 2022
  • RES 2: 1.2506 1.382 proj of the Sep 26 - Oct 5 - Oct 12 price swing
  • RES 1: 1.2446 High Dec 14 and the bull trigger
  • PRICE: 1.2343 @ 06:25 GMT Jan 19
  • SUP 1: 1.2154/2083 20-day EMA / Low Jan 9
  • SUP 2: 1.2053/2017 1.0% 10-dma envelope / 50-day EMA
  • SUP 3: 1.1842 Low Jan 6 and the bear trigger
  • SUP 4: 1.1779 Low Nov 21

GBPUSD remains firm. The pair traded higher Wednesday and in the process cleared short-term resistance at 1.2303, the 76.4% retracement of the Dec 14 - Jan 6 bear leg. The clear breach exposes 1.2446, the Dec 14 high and a key resistance. Clearance of this level would strengthen bullish conditions. On the downside, initial firm support is seen at 1.2083, the Jan 9 low. The 20-day EMA at 1.2154, is first support.