GBP/SGD Fresh Bullish Momentum!

GBP/SGD Fresh Bullish Momentum!

GBP/SGD found support again on the 1.8381 level and now could start increasing again. The false breakout above the downtrend line has sent the rate down in the short term.

Still, the bias is bullish after the rate failed to stabilize below the 23.6% retracement level in the last weeks and attempts. The pair moves sideways, within a minor range, an upside breakout could signal more gains.

GBP/SGD H4 Chart Analysis!

You can see that GBPSGD has registered only false breakdowns below the 1.8381 and through the lower median line (lml) of the ascending pitchfork signaling a new upside momentum.

A valid breakout above the weekly pivot (1.8468) could really signal an upside breakout from the Falling Wedge pattern as well. A valid breakout from the reversal pattern could signal a potential growth towards the 1.8765 higher high.


GBP/SGD’s failure to close and stabilize under 1.8381 could signal a new leg higher in the short term.


Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
Share with other traders!

Author : Olimpiu Tuns

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.