Subscribe To

Price Alert Latest News Economic Calendar News

What does the technical picture look like for the GBPUSD going into next week's trading

As we turn the page into a new trading week for the GBPUSD, what are key levels in play and why?This week, the price of the GBPUSD moved above the 61.8% of the move down from the 2021 high to the 2022 low. That level comes in at 1.2760 and is now close support and close risk for the buyers. Stay above and the buyers are more in control on the daily chart. Move below, and the bias tilts on the modest failure (more neutral on the failed break above the 61.8%). A more conservative risk area for bu... Read More

Demo Live Account See Partner Details

Content Topics

What

Does

Technical

Picture

Look

Like

Gbpusd

Going

Into

Week s

Trading

Forex

Posted: Jun 17 2023, 15:13

Author Name: forexlive

Risk Disclosure:

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
We would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. We and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of us and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. We may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.