GBP/USD recedes to 1.2562 amid the initial Asian trading on Monday. The Cable eases from 1.2572 in its latest downside while keeping a four-day-old triangle pattern. Even so, the pair’s failures to refresh the monthly high of 1.2670, coupled with the lower highs since then, keep the sellers hopeful.
Hence, the bears can target a 200-bar SMA level of 1.2533 ahead of confronting the triangle’s support of 1.2518. Though, any clear break below the same will not refrain from attacking 50% Fibonacci retracement level of June 29 to July 09 upside, at 1.2460.
During the pair’s further weakness past-1.2460, 1.2400 round-figures and June 29 top near 1.2390 becomes the key.
On the upside, a clear break past-1.2593 resistance could propel the pair towards breaking 1.2600, which in turn will eye the monthly high near 1.2670.
It should, however, be noted that the June 16 top near 1.2690 and 1.2715 might challenge the bulls afterward.
GBP/USD four-hour chart
Reprinted from Fxstreet，the copyright all reserved by the original author.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。