Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of GBP/USD for January 08, 2018

parent
Forex Analysis:::2018-01-07T23:03:54

Daily analysis of GBP/USD for January 08, 2018

GBP/USD hadn't a major reaction to the US NFP outcome on Friday, as it remains trading in a tight range across the board. Currently, the pair is being supported by the 1.3526 level, which should give enough momentum in order to strengthen the bullish bias and it will help to push it to test the resistance zone of 1.3700. MACD indicator remains in favor of the bulls.

Daily analysis of GBP/USD for January 08, 2018

H1 chart's resistance levels: 1.3589 / 1.3700

H1 chart's support levels: 1.3526 / 1.3451

Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3589, take profit is at 1.3700 and stop loss is at 1.3480.

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...