GBPUSD TECHNICAL ANALYSIS

Here is a GBPUSD Technical Analysis on the daily time frame. It is a major currency pair and one of the 21 currency pairs that we cover in our Forex Signals App that is available on both Android and iTunes. You can also view the Forex Signals App video demo.

GBPUSD on the Daily Time Frame

Price is currently trading below the 15 and 30 EMA. Price is at the bottom range of the channel and is most likely going to go up.

rice is in a sideways channel.

A pennant can be seen.

Price recently came in contact with the slanted support level.

Additional points on GBPUSD

15 and 30 EMA may act as a potential dynamic resistance in the potential future.

A pintail has also been formed.

Conclusion

Price is expected to increase at least up to the 15 EMA.

 

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Have a great trading day ahead!

Ilyas Ismail

Currency Strategist

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