GBP/USD – Rebounds from rising channel support
Resistance – 1.4617-1.4639, 1.4669, 1.47
Support – 1.4578-1.4568, 1.4519, 1.4472
Support – 1.4578-1.4568, 1.4519, 1.4472
- Pair’s rebound from rising channel support ran into resistance at 1.4617 as expected earlier today.
- The spot is trading around 1.4600. An hourly close above 1.4617 would add credence to the rebound from channel support and open doors for 1.4650 (rising channel resistance).
- However, intraday break above 1.4636 (38.2% of 1.5930-1.3835) ahead of Fed need to be viewed with caution.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.