A pretty good ascending triangle forming clearly on the GBP/USD 1-hour chart which is applying strong bullish pressure on the $1.2845 - $1.285 resistance level (white horizontal line).
- After failing multiple times to pass the $1.275 support line (red horizontal line), the cable is now gradually proceeding towards the $1.2845 - $1.285 resistance level.
- Price action also shows that the pair has been struggling to breach the $1.2845 - $1.285 resistance level, but a slowly forming ascending triangle could send it beyond this resistance level and send it towards the $1.29 resistance level
(light blue horizontal line) and even possibly further towards the $1.295 resistance line (yellow horizontal line), although less likely due to the risk of Brexit trade negotiations going wrong.
- Therefore, the pair is starting to look a bit bullish. However, these are quite uncertain times; with the Coronavirus outbreak, the U.S. presidential election and Brexit trade negotiations, I'd say it is hard to predict what may happen
next.
Note: I am not responsible for your trading decisions. It is solely your responsibility to make your own decisions ;))
- After failing multiple times to pass the $1.275 support line (red horizontal line), the cable is now gradually proceeding towards the $1.2845 - $1.285 resistance level.
- Price action also shows that the pair has been struggling to breach the $1.2845 - $1.285 resistance level, but a slowly forming ascending triangle could send it beyond this resistance level and send it towards the $1.29 resistance level
(light blue horizontal line) and even possibly further towards the $1.295 resistance line (yellow horizontal line), although less likely due to the risk of Brexit trade negotiations going wrong.
- Therefore, the pair is starting to look a bit bullish. However, these are quite uncertain times; with the Coronavirus outbreak, the U.S. presidential election and Brexit trade negotiations, I'd say it is hard to predict what may happen
next.
Note: I am not responsible for your trading decisions. It is solely your responsibility to make your own decisions ;))
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.