New to site?


Login

Lost password? (X)

Already have an account?


Signup

(X)
Farooq

Technical Analysis – GBPUSD _ 26-03-2019

HomeTechnical AnalysisTechnical Analysis – GBPUSD _ 26-03-2019
26
Mar
Technical Analysis – GBPUSD _ 26-03-2019

The bullishness remains valid as long as the pair is above the bullish trend line shown on the 4 hour chart, but it is better to break the resistance 1.3340 (the first objective of the ascending scenario) to confirm this possibility, Resistance 1.3480 then 61.8% for the general downside wave around 1.3630 as a third target.
A breach of the uptrend line, which is confirmed by a four-hour closing below 1.3000, might be enough to end the bullish scenario, and the pair could then head to test support at least 1.2780.


Related Posts

Middle East Financial Investment