• 635 days Will The ECB Continue To Hike Rates?
  • 635 days Forbes: Aramco Remains Largest Company In The Middle East
  • 637 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,037 days Could Crypto Overtake Traditional Investment?
  • 1,041 days Americans Still Quitting Jobs At Record Pace
  • 1,043 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,046 days Is The Dollar Too Strong?
  • 1,047 days Big Tech Disappoints Investors on Earnings Calls
  • 1,048 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,049 days China Is Quietly Trying To Distance Itself From Russia
  • 1,050 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,054 days Crypto Investors Won Big In 2021
  • 1,054 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,055 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,057 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,057 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,061 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,061 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,062 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,064 days Are NFTs About To Take Over Gaming?
Trade In Counterfeit Goods Hits Half A Trillion Dollars

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

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…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

GBP/USD - Trading At +30-Year Lows

GBP/USD keeps on declining and is trading at levels unseen in more than 30 years. The pair has broken hourly support lies at 1.3121 (27/06/2016 low) and hourly resistance is given at 1.3534 (29/06/2016 high). Uncertainties are important on the market, we cannot rule out further decline.

The long-term technical pattern is negative and favours a further decline as long as prices remain below the resistance at 1.5340/64 (04/11/2015 low see also the 200-day moving average). Key support at 1.3503 (23/01/2009 low) has been broken and the road is wide open for further decline.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment