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Maintains A Bullish Tone

GBPUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 1.2470 2.0% 10-dma envelope
  • RES 3: 1.2448 High Jan 23 and a key medium-term resistance
  • RES 2: 1.2401 High Feb 2
  • RES 1: 1.2362 High Mar 29
  • PRICE: 1.2326 @ 16:32 BST Mar 29
  • SUP 1: 1.2191 Low Mar 24
  • SUP 2: 1.2170 20-day EMA
  • SUP 3: 1.2122 50-day EMA
  • SUP 4: 1.2011 Low Mar 15

GBPUSD traded higher again Wednesday and maintains a bullish tone. The pair has recently cleared a number of resistance points signalling scope for an extension higher. The focus is on 1.2401, the Feb 2 high and 1.2448, the Jan 23 high. The latter is a key medium-term resistance. On the downside, initial firm support lies at 1.2191, the Mar 24 low, ahead of 1.2170, the 20-day EMA. A break of the EMA would be a bearish development.

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  • RES 4: 1.2470 2.0% 10-dma envelope
  • RES 3: 1.2448 High Jan 23 and a key medium-term resistance
  • RES 2: 1.2401 High Feb 2
  • RES 1: 1.2362 High Mar 29
  • PRICE: 1.2326 @ 16:32 BST Mar 29
  • SUP 1: 1.2191 Low Mar 24
  • SUP 2: 1.2170 20-day EMA
  • SUP 3: 1.2122 50-day EMA
  • SUP 4: 1.2011 Low Mar 15

GBPUSD traded higher again Wednesday and maintains a bullish tone. The pair has recently cleared a number of resistance points signalling scope for an extension higher. The focus is on 1.2401, the Feb 2 high and 1.2448, the Jan 23 high. The latter is a key medium-term resistance. On the downside, initial firm support lies at 1.2191, the Mar 24 low, ahead of 1.2170, the 20-day EMA. A break of the EMA would be a bearish development.