- Analytics
- News and Tools
- Market News
- GBP/USD to see additional gains if the 1.3640 level turns into support
GBP/USD to see additional gains if the 1.3640 level turns into support
GBP/USD has started the new week on a firm footing. Additional gains are likely in case 1.3640 resistance fails, FXStreet’s Eren Sengezer reports.
The first technical resistance is located at 1.3640
“The initial resistance aligns at 1.3640 (static level) and the pair could attract buyers if it manages to flip that level into support. 1.3660 (static level, January 20 high) could be seen as the next target before 1.3700 (psychological level).”
“1.3600 (psychological level) is the first support. Below that level, the ascending trend line coming from late January and the 200-period SMA form the next strong support at 1.3560. A daily close below that level could be assessed as a bearish tilt in the technical outlook.”
See: GBP/USD set to test the 1.35 level – ING
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
