GBPUSD is starting to break its 100-period moving average (MA100) and entering the area of 1.27488 - 1.27685. Cable is waiting for a breakout to occur along with a golden cross between MA8 and MA100 to confirm a short-term uptrend. However, due to the relatively chaotic MA Pattern, it's better to observe GBPUSD's movement today before entering positions.
[Position to consider]
Let's wait for a clearer trend on Cable before entering positions.
R3 1.28227
R2 1.28072
R1 1.27685
PV 1.27488
S1 1.27149
S2 1.26961
S3 1.26688
[Position to consider]
Let's wait for a clearer trend on Cable before entering positions.
R3 1.28227
R2 1.28072
R1 1.27685
PV 1.27488
S1 1.27149
S2 1.26961
S3 1.26688
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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.
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.