Technical analytics

GBPUSD market technical outlook


 Daily chart:

The major has tested long-term resistance 1.3011 and stalled. If this stop will trigger forming of bearish inside bar by the end of today’s session, we’ll get a mighty signal of downward reversal for tomorrow.


Local upward structure got fully completed corrective downswing with bullish pin at the tip right now. It’s a long-setup. Thus from current levels we can get an attack of resistance 1.3010 and further settling of bulls above this zone.


Break above 1.3010 and further growth in direction 1.3050 and 1.3100.

Trading recommendations:

Longs towards 1.3050 and 1.3100.


New articles