GBPUSD 2018-01-15

Posted on

The British pound managed to sustain an advance toward the target of 1.3640-60. As explained last week, while the market managed to break above the resistance level of 1.3705 which activated more movement towards the second target of 1.3820.

The market now facing resistance at 1.3820-40 which may provide chance for some drop correction toward the 1.3640-60 zone.

Above 1.3840 the market may activate another advance wave that may target the 1.3980-90 zone.

Support Resistance
Level 1 1.3770 1.3820-40
Level 2 1.3720 1.3900
Level 3 1.3640-60 1.3980-90
(Visited 33 times, 1 visits today)

At ORBEX the trader is our greatest asset. We provide access to trading FX, Futures, Metals, CFD’s and Commodities on MT4 and word-class customer service.

- Website

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

At ORBEX the trader is our greatest asset. We provide access to trading FX, Futures, Metals, CFD’s and Commodities on MT4 and word-class customer service.

© Orbex