British Pound / U.S. Dollar

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British Pound / U.S. Dollar forum



GBPUSD Chart of the day: GBP/USD

GBPUSD is in a bearish setup Table is set! The GBPUSD is in a rising wedge, with the test (today) of the 61.8% Fibonacci level once again and now ascending wedge support and horizontal support as..


GBPUSD Range EQ: ~1.3535

Immediate Resistance: 1.3590

Next Target Zone: 1.3620–1.3640

Major Support: 1.3500






GBPUSD in my opinion, im waiting for the daily to break out and close to come up with any bias. yesterday, the daily candle was neutral, as well as the day before that. Now it seems to be bearish but could easily rise again for NY session and end the day neutral as well. i need to see the daily candle close out of the range made on the 8th of july to get clear bias of where this wants to go. otherwise for now its just a consolidating market in my view judging from the last 3 daily candles.