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GBP/USD Technical Analysis: Short-term View

GBP/USD Technical Analysis: Short-term View

Paul Robinson, Strategist
GBP Forecast
GBP Forecast
Recommended by Paul Robinson
Check out the Q3 GBP Forecast
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GBP/USD Technical Highlights:

  • GBP/USD trading into resistance area on daily chart
  • Watch 4-hr chart, has support and channel structure

Cable is struggling around resistance on the daily time-frame, but is supported on the 4-hr chart. If it can break support, then resistance will be validated and an aggressive bearish trading bias may be warranted.

For the full details, check out the video above.

GBP/USD Daily Chart

gbp/usd daily chart

GBP/USD 4-hr Chart

gbp/usd 4hr chart

GBP/USD Charts by TradingView

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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.

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