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GBP/USD Technical Analysis: Short-term View

GBP/USD Technical Analysis: Short-term View

Paul Robinson, Strategist

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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---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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