#OPINIONLEADER# #GBP/USD# #ShortTermTrading# #Signal# #trading#
GBP/USD price got rejected from the weekly resistance at 1.39800 two weeks ago. A mini-range was created between 1.39400 and 1.38888, but the range got broken to the downside on Friday upon the release of the NFP data.
The US dollar is fundamentally strong and other currencies are falling against it. The core CPI will be released later this week and FOMC members will also be speaking this week. It is gonna be a huge week for the US dollar.
The price of GBP/USD tested the support turned resistance level at 1.38888 during the London session on Monday and it has rejected price. The 200 MA and 50 MA were also used as resistance as price reacted from them, as seen on the 60-minute chart below.
GBP/USD will likely fall to 1.37700 this week as price just reached the mini support at 1.38500 as the New York market opens. With a stop above 1.39000, GBP/USD is good for short to 1.37700, which is the next strong support level.
More updates will be posted as the trade performs.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.