 |
| Pound GBPUSD |
More bearish but lots of levels ahead.
The GBPUSD story in 2018 has seen a huge run to the upside from the January 11 low of 1.34439. The high reached last week peaked at 1.4344. That's roughly 900 pips to the upside.
The price decline from the high has not been all that smooth. On Friday, the price rebounded off the Thursday low - moving up about 200 pips in the process (the fal on Thursday was 261 pips)l.
The move back lower off Friday's high, has seen the price move back below the 100 hour MA (blue line at 1.41506) and a trend line coming up from the Jan 11 low. That trend line is right around the 100 hour MA now.
The low reached 1.40558 today. A trend line from the January 17th low cuts across at 1.4045 currently (and rising). The 200 hour MA (green line) comes in at 1.4016 (and rising). Those are the next targets. After a run higher, there are going to be a lot of levels below that define the corrections steps lower. They could also slow the fall. The price has also not yet reached the 38.2% of the 900 pip run higher. That comes in at 1.40053.
Drilling to the 5-minute chart, the price today did break below a lower trend line (follow green circles in the chart below), but failed. Shorts will want to see the 1.40948-1.41068 to limit the corrective move now. That is the 38.2-50% of the move down today) and also has the 100 bar MA and trend line in the area currently. Staying below will keep the sellers happy given the recent trend lower.
SUMMARY: The price action is lower in the pair, but there are some dip buying/profit taking going on on the failed break on the 5-minute. It does not kill the corrective move but brings some apprehension. If the 1.4100 area stalls a rally, the price can rotate back down toward other targets on the hourly chart. Move above 1.41068 and the sellers may feel a little more uncertain from the downward stall.
gbpusd forex signal
gbpusd forex rate
gbpusd forex live
forex crunch gbp usd
gbpusd forex live chart
gbp usd action forex
forex gbpusd
forex gbp usd
gbp usd forex chart
gbp usd forex crunch
gbp usd forex live chart
gbp usd forex signal
gbp usd forex rate
gbp/usd forex price
gbp usd forex strategy
gbp/usd forex tips
forex gbp usd analysis
forex technical analysis gbp/usd
analisis forex gbp usd
analisa forex gbp usd
analize forex gbp/usd
analisa forex gbpusd 2015
analyse forex gbp usd
gbp usd fx bloomberg
berita forex gbp/usd
berita forex gbpusd hari ini
berita forex gbp usd
forex gbp usd chart
fx gbp usd chart
gbp usd forex chart live
fx converter gbp usd
forex gbp usd forecast coming week
gbp usd exchange calculator
gbpusd chart dailyfx
forex online chart gbpusd
dailyfx gbpusd
forex gbp usd historical data
daily forex gbpusd
gbp usd forex empire
gbp usd fx empire forecast
forex gbp usd forecast
forex forum gbpusd
gbp usd exchange forecast
gbp usd currency fluctuation
currency futures gbp usd
fx empire gbp/usd forecast
fx gbp usd history
analisa forex gbpusd hari ini
prediksi forex gbpusd hari ini
gbpusd fx live
forex live gbp usd
forex gbp usd live chart
gbpusd latest forex rate
forex market gbpusd
forex gbp usd news
fx news gbp usd
gbp usd exchange news
current forex news gbp usd
forex outlook gbp usd
forex gbp/usd price
gbp usd forex predictions
gbp usd exchange post office
currency predictions gbp usd
gbp/usd currency pair
gbp usd exchange prediction
prediksi forex gbpusd
previsioni forex gbp/usd
prediksi forex gbp/usd
fx gbp usd rates historical
fx gbp usd rate
gbp usd fx rate history
gbp usd fx rate bloomberg
gbp usd fx rate forecast
gbp usd fx rate yahoo
gbp usd fx rate 2015
gbp usd exchange rate forecast
gbp usd exchange rate live
fxstreet gbp usd
gbp usd fx spot
free forex signal gbp usd
seputar forex gbp usd
forex gbp usd trading strategy
forex forecast gbp usd today
gbp usd fx yahoo
gbp usd exchange yahoo
yahoo forex gbp usd