Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View More
GBP/USD Technical Analysis: Weakness to Continue

GBP/USD Technical Analysis: Weakness to Continue

Paul Robinson, Strategist

GBP/USD Technical Highlights:

  • GBP/USD 4-hr chart shows clean bearish structure
  • Daily support and 200-day just under 13700
  • Move towards long-term support at 13500 could unfold

Cable is poised to trade lower as a clean pattern is emerging on the 4-hr chart. This could lead GBP/USD to trade down to the 13670-area soon, with broader the potential of trading down to weekly support at 13500 dating to 2009.

GBP Forecast
GBP Forecast
Recommended by Paul Robinson
Check out the Q3 GBP Forecast
Get My Guide

GBP/USD 4-hr Chart

gbpusd 4-hr chart

GBP/USD Daily Chart

gbpusd daily chart

GBP/USD Weekly Chart

gbpusd weekly chart

GBP/USD Charts by TradingView

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES