themarketzone

Broke below a trading channel - 1.26 next?

FX:GBPUSD   Pound British/Dolar U.S.
The UK elections are coming and GBPUSD is starting to feel the pressure.
GBPUSD broke below a daily channel and closed below the Fast daily MA line last week.
As long as GBPUSD stays below 1.3 the direction is down (in my opinion).
The next Major Buy Zone for GBPUSD is 1.26 and that can be the level in which GBPUSD will turn back higher and climb towards the completion of a bearish harmonic pattern - 1.33.

If GBPUSD will climb and close above 1.3, the chances that it'll reach 1.33 before the next bearish wave will increase dramatically.

It all comes down to the Elections results.
It is going to be choppy this week so be careful.
Read more about GBPUSD and the UK elections in my newsletter.
Visit the website and check out the Weekly Markets Analysis
Or look for #WeeklyMarketsAnalysis on Twitter
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Daftar Keluar