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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, 01/12/2019 - 20:58
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.2475, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2920 breaks.
  • If the support at 1.2475 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • A trough is formed in daily chart at 1.2398 on 01/03/2019, so more gains maximum to Major Resistance (1.2920) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 57.

Supports and Resistances:

  1. 1.4345
  2. 1.3970
  3. 1.3655
  4. 1.3430
  5. 1.3200
  6. 1.3040
  7. 1.2920
  8. 1.2345
  9. 1.2155
  10. 1.1990
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound vs. US Dollar (GBPUSD) free Sat, 16 Mar 2019
British Pound vs. US Dollar (GBPUSD) Sat, 9 Mar 2019
British Pound vs. US Dollar (GBPUSD) Sat, 2 Mar 2019
British Pound vs. US Dollar (GBPUSD) free Sat, 23 Feb 2019
British Pound vs. US Dollar (GBPUSD) Sat, 16 Feb 2019