You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
The level is still holding. I wonder for how long?
GBP/USD broke above 1.4400 and the rally continues. I think the next long-term target is around 1.4900, and there's a significant possibility it might climb higher than that.
The GBPUSD has changed direction since the chances of the UK leaving the EU have diminished, but the 1.4700 may act as resistance.
The move to the upside clearly continues for the moment, the first target is likely 1.4640, which is the previous high, and if it breaks above that level it will reach 1.4700.
The pair bounced off the support at 1.4470, which is EMA89 on the four-hour time frame, but I don't think this is the end to the move to the downside. In my opinion GBP/USD would test the support one more time at least, and if it breaks below it it will continue falling towards 1.4400.