• 798 days Will The ECB Continue To Hike Rates?
  • 799 days Forbes: Aramco Remains Largest Company In The Middle East
  • 800 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,200 days Could Crypto Overtake Traditional Investment?
  • 1,205 days Americans Still Quitting Jobs At Record Pace
  • 1,207 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,210 days Is The Dollar Too Strong?
  • 1,210 days Big Tech Disappoints Investors on Earnings Calls
  • 1,211 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,213 days China Is Quietly Trying To Distance Itself From Russia
  • 1,213 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,217 days Crypto Investors Won Big In 2021
  • 1,217 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,218 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,220 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,221 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,224 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,225 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,225 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,227 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

GBP/USD- Bullish Pause but Momentum Strong

GBP/USD bullish rally has paused but watch Initial resistance can be found at 1.5529 (18/09/2015 high). The short-term technical structure suggests continued bullish momentum. An initial support lies at 1.5202 (06/06/2014 high).

In the longer term, the technical structure looks like a recovery as long as support given at 1.5089 stands. A full retracement of the 2013-2014 rise is expected.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment