GBP USD buy US Dollar Wobbles as Markets Await Powell; Setups on EUR/USD, GBP/USD, USD/CAD
GBP/USD rose through Tuesday’s trading, testing north of 1.2700 but mixed market sentiment is keeping the pair close to key levels as momentum remains limited. The pair broke through a key resistance layer, and a pullback could see bullish momentum extend as long as declines remain limited to the 1.2700 region.
Plenty of longer-term technical resistance is baked into daily candlesticks. 1.2800 remains a key level for bulls to beat, and the 200-day Simple Moving Average (SMA) continues to grind slowly higher, reaching 1.2580.
Confirm Chart
Gpbusdbuy
GPB USD BUY GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP/USD has managed to defend the 1.2650 level in early European morning on Monday, even as the US Dollar recovers ground on the back of a risk-off market mood. Traders now look forward to BoE Chief Economist Huw Pill's speech and US housing data for fresh impetus.
Confirm Chart GBPUSD
GBPUSD - SWING - 19. OCTO. 2020Welcome to our weekly trade setup ( GBPUSD )!
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1 HOUR
Strong break and pressure towards previous highs.
4 HOUR
Pullback towards previous main sr level.
DAILY
Overall good long entries, nice price action..
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FOREX SWING
BUY GBPUSD
ENTRY LEVEL @ 1.29510
SL @ 1.28750
TP @ 1.30570
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN