Sterling Outlook: GBP/USD April Range Set on Support- Cable Levels dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Sterling snapped a three-week losing streak but the recovery remains vulnerable into the monthly close. Here are the levels that matter on the GBP/USD weekly technical.
Sterling is back at key resistance near the yearly highs on building divergence. Here are the levels that matter on the GBP/USD weekly technical chart heading into June.
British Pound Technical Forecast: GBP/USD Reversal Risks May Setback
2021-05-03 18:00:00
Michael Boutros,
Strategist
Sterling Technical Price Outlook: GBP/USD Weekly Trade Levels
Sterling technical trade level update – Weekly Chart
GBP/USD weekly reversal off resistance keeps multi-month range in focus heading into May
Resistance at 1.3931, 1.4024 Key – Support 1.3654, broader bullish invalidation1.3435
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The British Pound plunged more than 0.5% against the US Dollar last week with Sterling reversing sharply off key technical resistance. The threat of a deeper correction within the broader uptrend remains heading into the May open and the battle lines have been drawn. These are the updated targets and invalidation levels that matter on the GBP/USD weekly technical chart. Review my latest Strategy Webinar for an in-depth breakdown of this Cable trade setup and more.
Sterling Outlook: GBP/USD April Range Set on Support- Cable Levels 2021-04-12 20:00:00 Michael Boutros, Strategist
Sterling Technical Price Outlook: GBP/USD Trade Levels
Sterling technical trade level update – Daily & Intraday Charts
GBP/USD carves April opening-range just above support– breakout to offer guidance
Key support 1.346/75- near-term bearish invalidation 1.3824. Advertisement
The British Pound is poised to snap a four-day losing streak against the US Dollar with GBP/USD rebounding off key technical support into the weekly open. The recovery may be short lived however as Sterling continues to trade within the confines of a multi-month downtrend. These are the updated targets and invalidation levels that matter on the GBP/USD price charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Sterling technical setup and more.