GBPUSD tests 50-SMA support
GBPUSD is testing key support at 1.3470 as the 50-SMA and uptrend line meet. Will it hold for a rebound or break lower?
XM Group
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49 hari yang lalu
Overview: GBPUSD remains under near-term pressure following mixed UK labour market data and ahead of the BoE decision, testing key confluence support around the five-week low of 1.3470, where the 50-day SMA meets the short-term uptrend line.
Momentum: The MACD and RSI point to easing positive momentum.
Bullish scenario: If the confluence support holds and GBPUSD is able to reclaim the 1.3500 level, it could then rebound towards the 20-day SMA near 1.3545, with a break higher bringing 1.3650 back into focus.
Risk: A breach of the ascending trendline would be enough to shift the bias bearish.
XM Group
4.3
438 ulasan
Tipe: Market Maker
Regulasi: FSA (Seychelles), FSC (British Virgin Islands), CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), FSC (Mauritius), CMA (Kenya)
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