Key Resistance: 1.40
Key Support: 1.38
Mid Term View
After hitting and rejecting the 1.4200 level the GU crashed 358 pips (-2.50%) and broke with the 1.40 level to close lower on Friday. Sunday´s open brought buyers to push the Pound up to this previous level.
1H Chart Analysis
The retest of the 1.40 + previous lows + weekly pivot with the USD opening very strong gives us a great opportunity to short the Pound against the US Dollar for a retest of the previous week´s lows around the 1.3890 level.
The avg. weekly range of the past 3 weeks is around 240 pips here so we do have room for a nice move down. We will however closely monitor this trade and will close it on any sign of strength
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- 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
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
