Gbpusd: Bear Pressure Builds Up Towards The 1.3381 Zone

Discussion in 'Forex - Currencies Forums' started by FXTechstrategy, Sep 25, 2017.

  1. FXTechstrategy

    FXTechstrategy Senior Investor

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    GBPUSD: The pair remains weak and vulnerable to the downside as it took back its early intra day gains during Monday trading session. This leaves risk lower on more bear pressure. Support lies at the 1.3450 level where a break will turn attention to the 1.3400 level. Further down, support lies at the 1.3350 level. Below here will set the stage for more weakness towards the 1.3300 level. Conversely, resistance stands at the 1.3550 levels with a turn above here allowing more strength to build up towards the 1.3600 level. Further out, resistance resides at the 1.3650 level followed by the 1.3700 level. On the whole, GBPUSD continues to face further downside threats.

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  2. Josesv

    Josesv Member

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    On the technical side, with the latest forex news the pound has taken a bullish momentum. The pair GBPUSD if it breaks the resistance of the 1.3950 the pair is directed to the 1.4453 in the next weeks
     
  3. Shibu Lavin

    Shibu Lavin Senior Investor

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    Personally, I prefer trading GBPUSD. Traders try to derive profit on the market but can hardly do so due to the lack of efficiency in trading. Eurotrader offers high leverage and narrow trading spread in majority of their pairs. The broker provides high security of funding.
     

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