Technical analytics

GBPUSD market technical outlook

Daily chart:
Pound continues active volatile flat within the range of upper Bollinger bands (1.3100-1.3388). Market is awaiting decisions on Brexit.


Locally upward dynamics preserves in direction of the resistances 1.3334 and 1.3388, from where the major most likely will retrace to the downside


Intraday a support is found at the area of middle Bollinger band (1.3236), that allows considering long-trades in direction of the upper band (1.3334).


So, we expect growth from current levels in direction 1.3334 and then downward pullback.

Trading recommendations:

  1. Longs towards 1.3334.

  2. Shorts from 1.3334.