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 Threatens More Recovery Pressure On Recovery

GBPUSD: Having turned higher after taking back its intra day losses on Thursday, GBPUSD threatens more recovery pressure on correction. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level. Below here will set the stage for more weakness towards the 1.4050 level. Conversely, resistance stands at the 1.4300 levels with a turn above here allowing more strength to build up towards the 1.4350 level. Further out, resistance resides at the 1.4400 level followed by the 1.4450 level. Its daily RSI is bullish and pointing higher suggesting further upside. On the whole, GBPUSD threatens more recovery pressure on correction

GBPUSD Threatens More Recovery Pressure.

 

GET MORE POWER OVER YOUR TRADING WITH LESS HASSLE

The Award-Winning Analysis Solution for Forex & Commoditidy Traders

Your trading, made easier

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

See Plans and Get Started