Some technical analysis for GBPUSD
Two considerable levels are now built for this pairs,namely 1.5487 (Resistance) and 1.49605 (Support).
The major trend of GBPUSD is bearish at the moment, whereat the minor trend is slightly bullish. The cable has been trying to break the Fib 0.236 level but was failed up to now. Ichimoku first resistance level has been yet triggered, but the second resistance level is still remained untouched.
For a future trend projection for this pairs I would like to say that in case the Fib 0.236 level would be triggered in combination with the broken of second Ichimoku resistance level,then a change of trend to upward side for this pairs is being occurred.
Another scenario could but also be that the price will be back to the major downward trend bottom channel and a further bearish scenario to 1.44000 is not excluded.
Keep watching and trade well!
Makkaba team
Two considerable levels are now built for this pairs,namely 1.5487 (Resistance) and 1.49605 (Support).
The major trend of GBPUSD is bearish at the moment, whereat the minor trend is slightly bullish. The cable has been trying to break the Fib 0.236 level but was failed up to now. Ichimoku first resistance level has been yet triggered, but the second resistance level is still remained untouched.
For a future trend projection for this pairs I would like to say that in case the Fib 0.236 level would be triggered in combination with the broken of second Ichimoku resistance level,then a change of trend to upward side for this pairs is being occurred.
Another scenario could but also be that the price will be back to the major downward trend bottom channel and a further bearish scenario to 1.44000 is not excluded.
Keep watching and trade well!
Makkaba team