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.
GBPUSD Price Analysis – March 8
GBPUSD rose one more time in the prior session while rallying towards the 1.3050 level, thanks to a weak US dollar. The greenback dropped further against G10 currencies even though the US data were better than anticipated.
Key Levels
Resistance Levels: 1.3514, 1.3172, 1.3080
Support Levels: 1.2900, 1.2582, 1.1958
GBPUSD Long term Trend: Bullish
In the larger structure, the increase from the level of 1.1958 is expected to continue after the completion of the correction from the level of 1.3514. The next target is 1.3700 key resistance levels. The reaction from there can determine if it is in consolidation from the level of 1.1946 (low).
Or a sustained breakout at 1.3700 level could confirm a long-term bullish reversal. However, a steady breakthrough of resistance at 1.2582 level may weaken this forecast and lead to re-testing of a low level of 1.1958 instead.
GBPUSD Short term Trend: Bullish
A strong rebound in GBPUSD last week and a breakthrough of the resistance level of 1.3000 indicate that the rectification from the level of 1.3514 ended at 1.2725 level, after reaching a 50% retracement from 1.1958 to 1.3514 at 1.2739 level.
The initial bias in the new week stays upward for the resistance level of 1.3172 in the next. A lasting break can confirm this bullish case and come closer to the test at 1.3514 level. However, a breakdown of the minor support levels of 1.2900 may lead to repeated testing of the low level of 1.2725.
Note: Learn2Trade.com 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
