GBPUSD Price May Reverse
GBPUSD Price Analysis – September 30 FX Signals
In case the bears’ pressure break down the support level of $1.34, the price may decrease to $1.32 and $1.31 support levels. Should the support level of $1.34 holds, the price may reverse and face the resistance levels of $1.35, 41.36 and $1.37.
GBPUSD Market
Key levels:
Resistance levels: $1.35, $1.36, $1.37
Support levels: $1.34, $1.32, $1.31
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GBPUSD Long-term trend: Bearish
GBPUSD is bearish on the daily chart. The formation of strong bearish daily candle that formed on September 17 putted an end to ranging movement and triggered a bearish movement. The sellers hold unto the Pounds’ market and the pair continuously declining. The former support levels of $1.36 and $1.35 have turned to resistance levels. The support level of $1.34 was reached yesterday. FX Signals | New Zealand dollar dips close to 72 line
GBPUSD Price May Reverse
GBPUSD is currently pulling back as the daily bullish candle opens the market today. The currency pair is trading below the 9 periods EMA and the 21 periods EMA at distance which indicate a strong bearish market. The relative strength index period 14 is at 20 levels with the signal lines pointing downside to indicate sell signal. Should the support level of $1.34 holds, the price may reverse and face the resistance levels of $1.35, 41.36 and $1.37. Pound US Dollar GBPUSD Exchange
GBPUSD Medium-term Trend: Bearish
GBPUSD is on the bearish movement in the medium-term outlook. The double top chart pattern formed at the resistance level of $1.37 on September 28 indicate an increase of bears’ pressure. The price decreases as the sellers’ pressure increase. The former support level of $1.35 has been penetrated downside. The price level of $1.34 is already reached.
GBPUSD Price May Reverse
The price is trading below the 9 periods EMA and the 21 periods EMA as an indication of bearish market. The relative strength index period 14 is below 20 levels pointing down to indicate sell signal.
GBPUSD Price May Reverse
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