empty
 
 
30.05.2022 02:25 PM
GBPUSD approaches short-term resistance as up trend is weakening.

GBPUSD has reached very close to our target as price today is trading as high as 1.2656 solidifying an up trend with higher highs and higher lows since 1.2150. Price continues to respect the upward sloping blue trend line. GBPUSD is approaching resistance at 1.27-1.2720.

This image is no longer relevant

Red line -resistance

Blue line- short-term support

Despite making higher highs, GBPUSD has started providing bearish divergence by the RSI. As long as price holds above the blue support trend line, bulls are in control of the short-term trend. The RSI has provided us with a bearish warning that we should not ignore. Combined with the fact that price is approaching the major resistance trend line, should make traders even more cautious, as the chances of a rejection and reversal have increased. Price has the potential to continue higher towards 1.27 before turning lower.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback