From TradingView · · 40s
GBPUSD Holds Support, Rebound or Breakdown?
GBPUSD holds key support level; rebound or breakdown expected.
In brief
GBPUSD holds key support level; rebound or breakdown expected. GBPUSD holds 1W MA100 for third week, with technical targets at 1.3490 (rebound) or 1.2950 (breakdown). Originally reported by TradingView.
GBPUSD Holds Support
GBPUSD holds 1W MA100 for third straight week, with technical targets at 1.3490 (rebound) or 1.2950 (breakdown).
Technical Indicators Bearish
RSI = 39.893, MACD = -0.006, ADX = 35.857 show bearish technical outlook despite flat weekly close.
Rebound or Breakdown
Holding the 1 year triangle bottom hl trendline may trigger bullish wave to 0.618 fibonacci level.
In short
GBPUSD holds 1W MA100 for third week, with technical targets at 1.3490 (rebound) or 1.2950 (breakdown).
