GBP/USD - attempting break above 1.4617
Resistance – 1.4617, 1.4669, 1.47
Support – 1.4578, 1.4514, 1.4472
Support – 1.4578, 1.4514, 1.4472
- Cable made a run at 1.4617 as expected following a break above 1.4578 and is now trading in range of 1.46-1.4610 levels.
- Pair needs to witness an hourly close above 1.4617, which would add credence to bullish break from rising channel formation. Such a move would expose 1.4669-1.47.
- However, caution needs to be observed as failure to take out/sustain above 1.4617 could yield 1.4578 under which 1.4533 levels stands exposed.
Related publications
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.