Bullish Short Term towards 1.2640 with Fed-cut-rate help.
GBP/USD has been trading within a narrowing triangle or wedge and is nearing uptrend support, Price Under was strong pressure of new PM And the uncertainty of Brexit deal-no deal. Any good comments from EURO UK regading a good deal then the price could bounce back toward resistance 1.2540 and 1.2670 level, currently price holding critical level 1.2375 if break next support level 1.2330 and 1.2245.
Support Levels:
S-1 = 1.2375
S-2= 1.2330
Resistance Level:
R-1 =1.2460
R-2 =1.2560
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
Support Levels:
S-1 = 1.2375
S-2= 1.2330
Resistance Level:
R-1 =1.2460
R-2 =1.2560
Please like, share/follow us and get daily/weekly/ monthly Analysis.
If you like the idea, please push like and subscribe, it motivates me to post ideas more often.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.