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Weekly forecast British Pound vs. US Dollar technical chart
Symbol GBPUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSat, 08/17/2019 - 22:03
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.1990, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2380 breaks.
  • If the support at 1.1990 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.2380 on 07/17/2019, so more gains to resistance(s) 1.2300 and maximum to Major Resistance (1.2380) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

Supports and Resistances:

  1. 1.4345
  2. 1.3970
  3. 1.3655
  4. 1.3380
  5. 1.3170
  6. 1.2865
  7. 1.2775
  8. 1.2655
  9. 1.2560
  10. 1.1990
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound vs. US Dollar (GBPUSD) Sat, 14 Sep 2019
British Pound vs. US Dollar (GBPUSD) free Sat, 7 Sep 2019
British Pound vs. US Dollar (GBPUSD) Sat, 31 Aug 2019
British Pound vs. US Dollar (GBPUSD) Sat, 24 Aug 2019
British Pound vs. US Dollar (GBPUSD) Sat, 17 Aug 2019