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GBPUSD
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GBPUSD Technical Analysis

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Daily technical analysis based trade tips and ideas for forex GBPUSD. Our report outlines clear and precise trade entry levels with profit targets and stop loss levels across a broad range of prices for the intraday. To gain an edge in the markets, successful professional traders need a daily trading plan and must be aware of important support and resistance levels. We ensure you are fully prepared to maximise profitable trading opportunities throughout each day, minimising your risk, maximising your profits and taking away the element of gambling.



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GBPUSD - spot
GBPUSD topped 9 pips from the March high at 1.2605/15.
Today's Analysis
18 April 2017 Updated at 01:39am GMT
GBPUSD unable to beat the March high at 1.2605/15. From here up to the 200 day moving average resistance at 1.2625/30 should be a tough barrier as we become overbought short term. Try shorts with stops above 1.2670. However a weekly close above 1.2630 would be a buy signal in to next week.

First support at 1.2540/30 is minor then better support at 1.2500/1.2490 could hold the downside. Below 1.2470 however targets more minor support at 1.2425/20. Below here look for better support at 1.2370/60.
Chart
Technical Analysis GBPUSD
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