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Support Remains Intact

GBPUSD TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 1.2908 1.382 proj of the Apr 22 - May 3 - 9 price swing
  • RES 3: 1.2894 High Mar 8 and a key resistance
  • RES 2: 1.2859 1.236 proj of the Apr 22 - May 3 - 9 price swing
  • RES 1: 1.2801/03 High May 29 / High Mar 21
  • PRICE: 1.2722 @ 06:07 BST May 31
  • SUP 1: 1.2664/1.2622 20- and 50-day EMA values
  • SUP 2: 1.2510 Low May 14
  • SUP 3: 1.2446 Low May 9 and a key near-term support
  • SUP 4: 1.2423 Low Apr 24

The trend condition in GBPUSD remains bullish and the pair is trading above initial support while spot remains above Thursday’s low. A resumption of gains would open 1.2803, the Mar 21 high and 1.2859, a Fibonacci projection. Key support levels to watch are 1.2664, the 20-day EMA and 1.2622, the 50-day EMA. A clear break of these averages would signal scope for a deeper retracement.

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  • RES 4: 1.2908 1.382 proj of the Apr 22 - May 3 - 9 price swing
  • RES 3: 1.2894 High Mar 8 and a key resistance
  • RES 2: 1.2859 1.236 proj of the Apr 22 - May 3 - 9 price swing
  • RES 1: 1.2801/03 High May 29 / High Mar 21
  • PRICE: 1.2722 @ 06:07 BST May 31
  • SUP 1: 1.2664/1.2622 20- and 50-day EMA values
  • SUP 2: 1.2510 Low May 14
  • SUP 3: 1.2446 Low May 9 and a key near-term support
  • SUP 4: 1.2423 Low Apr 24

The trend condition in GBPUSD remains bullish and the pair is trading above initial support while spot remains above Thursday’s low. A resumption of gains would open 1.2803, the Mar 21 high and 1.2859, a Fibonacci projection. Key support levels to watch are 1.2664, the 20-day EMA and 1.2622, the 50-day EMA. A clear break of these averages would signal scope for a deeper retracement.