Gbp/Usd :Likely to the 10 week range top around 1.2620
Gbp/Usd got a strong support around 1.2075 ,many times tested (even with a fat finger once march low 1.1410) and failed to break .Although on daily TF , 50-55 Exponential moving average around 1.2350-1.12360 stands as a strong resistance ,breaking the daily fib pivot 1.2272 is likely which will makes further way up to test the 1.2340 & 1.2491 resistance respectively . On the other side , if price breaks the 1.2190 hourly support then once again a test to the major support around 1.2075 is possible thus keeping the pair in the same 10 week range .
On Calendar we have data numbers from the US later on and MPC member Saunders speech as well
Prelim GDP q/q
Core Durable Goods Orders m/m
Durable Goods Orders m/m
Unemployment Claims
Prelim GDP Price Index q/q
Pending Home Sales m/m
Trend : Range
Resistance : 1.2340 ,1.2420 & 1.2490
Support : 1.2190 ,1.12120 & 1.2075
On Calendar we have data numbers from the US later on and MPC member Saunders speech as well
Prelim GDP q/q
Core Durable Goods Orders m/m
Durable Goods Orders m/m
Unemployment Claims
Prelim GDP Price Index q/q
Pending Home Sales m/m
Trend : Range
Resistance : 1.2340 ,1.2420 & 1.2490
Support : 1.2190 ,1.12120 & 1.2075
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.