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 dropped significantly today but it maintains a bullish bias. It has escaped from a reversal pattern, so it is still expected to increase. DXY has rebounded, helping the USD to increase a little versus its rivals.
The US CPI is expected to increase by 0.5% in June after a 0.6% growth in May. Moreover, the Core CPI could increase by 0.4% versus 0.7% growth in the previous reporting period.
GBP/USD H4 Chart Technical Analysis
GBP/USD has found temporary resistance at the 61.8% retracement level and now is almost to reach the weekly pivot point (1.3849). Technically, a temporary decline was expected after escaping from the Falling Wedge pattern.
Staying above the pivot point and jumping above the 61.8% level could activate an upwards movement. Making a new higher high brings a new long opportunity.
The bullish scenario could be invalidated if the pair drops and stabilizes under the 1.3838 yesterday’s low.
A new higher high could really validate a potential growth towards 1.4000 psychological level.
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.
- Min Deposit
- Visit Broker
- 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
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus