HomeContributorsTechnical AnalysisGBP/USD Rebound Expected

GBP/USD Rebound Expected

Pivot (invalidation): 1.2300

Our preference Long positions above 1.2300 with targets at 1.2345 & 1.2385 in extension.

Alternative scenario Below 1.2300 look for further downside with 1.2270 & 1.2245 as targets.

Comment The RSI has just landed on its neutrality area at 50% and is turning up.

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Featured Analysis

Learn Forex Trading

Best Forex Scalping Method

Understanding Pivot Points

Getting What You Really Want

Risk-on and Risk-off

How to Write a Trading Plan