GBP/USD technical analysis: Multiple descending trend-lines favor bears
Wednesday, 29 May 2019 13:25 WIB | CURRENCIES |CurrencyGBP/USD

The GBP/USD pair registers sustained trading beneath near-term resistance-lines as it clings to 1.2660 during early Wednesday.

While a fortnight old descending trend-line can turn down immediate upside attempts at 1.2715, nearly four-week-long downward sloping resistance-line at 1.2770 may restrict pair's further rise.

If buyers manage to conquer 1.2770, 50% Fibonacci retracement near 1.2890, followed by 1.2980 and 1.3000 can become their next targets.

On the flipside, 1.2600 acts as nearby support, a break of should exert more downside pressure on the quote towards 1.2480.

Also, pair's declines under 1.2480 might not refrain from challenging 1.2430 rest-point comprising lows of the present year.

Source : FXstreet

RELATED NEWS

Euro steadies as dollar picks up gains on U.S., China trade deal optimism
Tuesday, 22 October 2019 15:16 WIB

The euro was steady on Tuesday after rising to a two-month high in the previous session versus the dollar as traders waited for the British parliament to vote on the Withdrawal Agreement Bill as it will shine light on when and how Britain will exit the EU. The United Kingdom is expected to leave th...

Dollar Underpinned by Trade Optimism; Loonie Lifts as Canada Votes
Tuesday, 22 October 2019 07:49 WIB

Signs that the U.S. and China were making progress in efforts to resolve their trade dispute supported both the dollar and trade-exposed Asian currencies on Tuesday, while the Canadian dollar rose as voters went to the polls in a closely-fought election. The volatile pound sat just under a 5-1/2-mo...

Pound dips, FTSE 100 rises after Brexit-vote delay
Monday, 21 October 2019 15:24 WIB

The British pound slipped, while U.K. stocks rose modestly on Monday, after lawmakers in the country voted to ask for a Brexit-deadline delay over the weekend. Paring earlier losses, the pound dipped 0.4% against the dollar to $1.2926 versus $1.2974 seen late Friday in North American trading. Still...

Sterling Slips From 5-Mth High after Brexit Plan Hits Snag
Monday, 21 October 2019 07:42 WIB

Sterling fell over half a percent against the dollar on Monday, slipping from five-month highs after the British parliament delayed a crucial vote on a Brexit withdrawal agreement. The move derailed Prime Minister Boris Johnson's plan for a decision on his withdrawal deal, but the pound held the bu...

U.S. Dollar Slips as Euro Still Lifted by Brexit Deal
Friday, 18 October 2019 23:13 WIB

The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc. U.K. Prime Minister Boris Johnson made a deal with the EU on Thursday, which hinges on Northern Ireland applying a limited set of E...

POPULAR NEWS
Monday, 21 October 2019 12:31
Gold Prices Inch Down Despite Brexit Worries
Monday, 21 October 2019 15:47
US futures point to slightly higher open
ANOTHER NEWS
US futures turn slightly lower
Tuesday, 22 October 2019 16:43 WIB U.S. stock index futures turned slightly lower on Tuesday morning. At around 05:30 a.m. ET, Dow futures dipped 22 points, indicating a negative open of more than 8 points. Futures on the S&P and Nasdaq were both slightly lower. Market focus...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.