• 20 hours Netflix Earnings Red Alert: Subscriptions Could Underwhelm
  • 2 days Wall Street Banks Are Back
  • 2 days Elon Musk’s SpaceX Scores Big Win Over Jeff Bezos’ Blue Origin
  • 3 days Which Country Is The World’s Largest Investor In Batteries?
  • 5 days Are Bitcoin’s Environmental Risks Overblown?
  • 5 days Why The Gold Rush Ran Out Of Steam
  • 8 days Coinbase IPO Explodes, But Fails To Keep Its Momentum
  • 8 days China Slaps Alibaba With Record $2.75B Antitrust Fine
  • 9 days The Pandemic Has Culled The Middle Class
  • 10 days Legacy Automakers See Massive Spike In Sales
  • 11 days Tesla's Biggest Competitor Is Going Cobalt-Free
  • 12 days Stocks That Could Benefit From Biden’s $2.5 Trillion Infrastructure Plan
  • 14 days The Mafia Has Expanded Its Influencer Under COVID-19
  • 15 days How Fintech Will Get Skeptics Into Crypto
  • 16 days Monday Markets Rise On Stellar Jobs Report
  • 19 days Not Even Bribery Allegations Can Crush Cannabis Boom
  • 23 days Canada May Become Leader In Booming Battery Market
  • 24 days Nearly 42% Of All Amazon Reviews Are Fake
  • 25 days Kidnapping Is Big Business In Nigeria
  • 26 days COVID Fraud Amounts To Nearly $570M
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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…

  1. Home
  2. Markets
  3. Other

GBP/USD - Wide-Open Towards Resistance At 1.2771

GBP/USD's demand has largely increased towards 1.2771 fading around 1.2550. The technical structure is still anyway showing positive potential. Hourly support is given at 1.2254 (19/01/2016 low). Expected to show further bullish move.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment