Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
GBP/USD Long-Term Analysis: Bullish
GBP/USD pair is in the bullish trend zone as it targets level 1.1968. The currency pair corrected upward, breaking above the SMAs on the 21-day line and the 50-day line. The British pound will continue to rise as long as the price bars are above the moving average lines. The Pound will rise if it overcomes the initial resistance. On October 17 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement suggests that the Pound will rise to level 2.0 Fibonacci extension or level 1.1968.
GBPUSD Indicator Analysis
The recent upward correction has pushed the Pound to level 59 on the RelativeStrength Index for period 14. The currency price bars are above the moving average lines indicating a possible rise. The Pound is in a bullish momentum above the 40% range of the daily stochastic.
Technical indicators:
Major Resistance Levels – 1.2800, 1.2900, 1.3000
Major Support Levels – 1.1900, 1.1800, 1.1700
What Is the Next Direction for GBP/USD?
On the 4-hour chart, the Pound is trading in the bullish trend zone as it targets level 1.1968. It has retraced above the 21-day line SMA for a possible upward move. The moving average lines have made a bullish crossover indicating a further upward move. That is, the 21-day line SMA crosses above the 50-day line SMA.
You can purchase crypto coins here. Buy LBLOCK
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus