In this video, the Trading Central looks at the currency pair GBP/USDfor the March 23rd session.
GBP/USD — The British pound continues with its rebound. Looking at the intraday 30-min chart, we can see that despite a consolidation yesterday, the GBP/USD pair managed to hold above the 1.24 level. Currently, intraday technical indicators are pointing to a bullish outlook. Overhead resistance is at 1.2495. If the pair manages to cross above this level, we expect it to rise above 1.2535 and remember the pair marked a high of around 1.2565 at the end of February. Key support is located at 1.2450.
© Prabhu for Forex Videos, 2017. |
Permalink |
No comment |
Add to
del.icio.us
Post tags: GBP/USD, technical analysis
Feed enhanced by Better Feed from Ozh
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
