GBP/USD

May 25, 2017

GBP/USD:

This market has been moving steadily in the direction of the bears with respect to it's AB boundary, and seems to be back in alignement with the USDOLLAR. The USDOLLAR appears poised for a RALLY. . Expect USD BASE CURRENCIES to RALLY and USD QUOTE currencies to DIP as the USDOLLAR APPRECIATES, 

BEARISH

Daily Trading Range: 76

Daily Support and Resistance

Resistance 3:1.3120
Resistance 2:1.3060
Resistance 1:1.2990
Current Price1.0120
Support 1:1.2830
Support 2:1.2760
Support 3:1.2360

Daily Chart

Daily Chart

Two Hour Chart

Two Hour Chart