Select Page

Get More Power Over Your Trading With Less Hassle

FXTechstrategy delivers powerful buy/sell trade ideas with stop losses, price targets and super-easy analysis to help you improve your results

GBPUSD: Risk Of More Weakness On The Cards

GBPUSD: Having GBP continued to hold on to its downside pressure, it leaves risk of more weakness on the cards. Support lies at the 1.4700 level where a break will turn attention to the 1.4650 level. Further down, support lies at the 1.4600 level. Below here will set the stage for more weakness towards the 1.4550 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance stands at the 1.4800 level with a turn above here allowing for more strength to build up towards the 1.4850 level. Further out, resistance comes in at the 1.4900 level followed by the 1.4950 level. On the whole, having GBP continued to remain weak and vulnerable to the downside, it leaves risk of more weakness on the cards.

Risk Of More Weakness On The Cards


The Award-Winning Analysis Solution for Forex & Commoditidy Traders

Your trading, made easier

Get 15+ super-easy trade ideas with powerful daily analysis and easy-to-understand strategy eBook
Stay on top of every move with price action to help you make easier, faster, and more accurate trading decisions.
Whether your strategy is for day trading or swing trading FXTechstrategy analysis fits in seamlessly with no hassles.

See Plans and Get Started