• 3 hours Brexit Woes Weigh On The British Pound
  • 4 hours Forget Turkey, This Is The Biggest Threat To European Finance
  • 5 hours There’s No Hiding From Google
  • 6 hours Turkish Lira Bounces Back After Qatar Bailout Pledge
  • 7 hours What Happens If Tesla Goes Private?
  • 9 hours China's Most Powerful Weapon In The Trade War
  • 11 hours Can The S&P 500 Shake Off Negative Sentiment?
  • 1 day Standards Go Out The Window As Employers Struggle To Fill Jobs
  • 1 day The Two Trillion Dollar Markets Amazon Hasn’t Conquered
  • 1 day Digital Supermodels Outperform Humans
  • 1 day France Could Lose Billions In EU Trade Route Redirection
  • 1 day Beer Giants Are Striking Out With Millennials
  • 1 day What Is Bakkt And Can It Take Bitcoin Mainstream?
  • 1 day Tesla’s Board Delivers A Stern Message To Elon Musk
  • 2 days Bitcoin Could Challenge Gold As Major Asset Class
  • 2 days Google In Talks With Tencent Over Cloud Business
  • 2 days Tech Giants Charge Deeper Into $8 Trillion Healthcare Industry
  • 2 days Lockheed Stock Soars On $480M Pentagon Contract
  • 2 days Ontario Moves To Slow Cannabis Drive
  • 2 days The Tech That Will Shape The Future Of Megaprojects
MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

GBP/USD: The Declining Channel Has Been Broken

GBP/USD has broken its declining channel. A move towards the next key resistance at 1.6178 is likely. Hourly supports are at 1.6086 and 1.6066 (intraday low).

GBP/USD is moving in a long-term horizontal range defined by the strong support at 1.5235 (13/01/2012 low) and the strong resistance at 1.6302 (30/04/2012 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment