• 620 days Will The ECB Continue To Hike Rates?
  • 620 days Forbes: Aramco Remains Largest Company In The Middle East
  • 622 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,022 days Could Crypto Overtake Traditional Investment?
  • 1,027 days Americans Still Quitting Jobs At Record Pace
  • 1,029 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,032 days Is The Dollar Too Strong?
  • 1,032 days Big Tech Disappoints Investors on Earnings Calls
  • 1,033 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,035 days China Is Quietly Trying To Distance Itself From Russia
  • 1,035 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,039 days Crypto Investors Won Big In 2021
  • 1,039 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,040 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,042 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,043 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,046 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,047 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,047 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,049 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

GBP/USD - Breaking Support at 1.5488

GBP/USD has broken support at 1.5488 (15/06/2015 low). Hourly resistance can be found at 1.5930 (18/06/2015 high). We expect the pair to decrease again within the next few days.

In the longer term, the technical structure looks like a recovery bottom whose maximum upside potential is given by the strong resistance at 1.6189 (Fibo 61% entrancement).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment