• 726 days Will The ECB Continue To Hike Rates?
  • 726 days Forbes: Aramco Remains Largest Company In The Middle East
  • 728 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,128 days Could Crypto Overtake Traditional Investment?
  • 1,132 days Americans Still Quitting Jobs At Record Pace
  • 1,134 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,137 days Is The Dollar Too Strong?
  • 1,138 days Big Tech Disappoints Investors on Earnings Calls
  • 1,139 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,140 days China Is Quietly Trying To Distance Itself From Russia
  • 1,141 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,145 days Crypto Investors Won Big In 2021
  • 1,145 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,146 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,148 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,148 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,152 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,152 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,153 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,155 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

GBP/USD: Approaching The Key Resistance at 1.6260

GBP/USD is close to the key resistance at 1.6260. An initial support can be found at 1.6177 (22/11/2013 low). Other supports can be found at 1.6109 (intraday low, see also the rising channel) and 1.6073.

In the medium-term, prices are moving within the horizontal range defined by the support at 1.5894/1.5855 and the resistance at 1.6260 (01/10/2013 high).

In the longer term, given the deep overbought conditions, we continue to see a limited upside potential near the resistance at 1.6260 (01/10/2013 high). A decisive break of the support at 1.5894 is needed to deteriorate the long-term technical structure.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment