The British Pound (GBP) drops to 1.3260 against the US Dollar

The British Pound (GBP) drops to 1.3260 against the US Dollar (USD) while heading towards European session on Thursday. The GBP/USD pair neglected to continue earlier day rally.

The GBP/USD pair nears it week by week highs and holds a transient bullish position, as in the 4 hours diagram, it stays far over its moving midpoints, while specialized markers hold close overbought readings, with the RSI traveling north at around 65. Now, the pair is ready to break its week by week high at 1.3280, the quick opposition, in transit to the 1.3360 area where it beat late February.

GBP/USD Forex Daily Analysis ,March 14-2019

PENDING ORDER BUY  GBP/USD @ 1.3296      SL:  1.3271              TP1: 1.3311     TP2: 1.3326     TP3: 1.3341

PENDING ORDER SELL  GBP/USD @ 1.3235    SL:  1.3260              TP1: 1.3220     TP2: 1.3205     TP3: 1.3190

 

John Wat

About: John Wat

Forex analyst with 10 years experience in Forex market.Trading Expert ABC Breakouts, Trendlines breakouts, Supply & Demand, Customized Elliot Wave.

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