Daily analysis of GBP/USD for May 30, 2017
The pair had a limited trading range during Monday, as we had holidays in the United States. The resistance zone of 1.2845 acted as intraday resistance in the Cable and we can expect a lower consolidation below that scenario in order to reach the support zone of 1.2791. If GBP/USD plunges below that area, then a testing of the 1.2718 level is likely to happen.
H1 chart's resistance levels: 1.2845 / 1.2911
H1 chart's support levels: 1.2791 / 1.2718
Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2791, take profit is at 1.2718 and stop loss is at 1.2865.
H1 chart's resistance levels: 1.2845 / 1.2911
H1 chart's support levels: 1.2791 / 1.2718
Trading recommendations for today: Based on the H1 chart, sell (short) orders only if the GBP/USD pair breaks a bearish candlestick; the support level is at 1.2791, take profit is at 1.2718 and stop loss is at 1.2865.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.