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GBPUSD Intraday Overview and Technical Levels

GBPUSD Intraday Overview and Technical Levels

Published 04-04-2018

Daily Chart:

The trend is Bullish. Price is above EMA 50, EMA 100 and in the upper Bollinger Band.

1.40380 is the first support.

H4 Chart:

GBPUSD is testing the EMA 50 support.  1.40500 is the EMA 100 support of the H4 Chart.

We have weekly EMA support at 1.40000.


U.K and U.S PMI will be released today.

1.40500 and 1.40380 are the first downside levels. A break below 1.40380, will carry the price 1.40070 and 1.39770.

On the upper side: 1.40830 and 1.41000 are the levels to watch. Close above 1.41000 will trigger the bullish move.

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
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GBPUSD:  Involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility


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