GBP/USD And EUR/GBP Gains Likely Limited

holding below 1.3820 today is a medium term sell signal targeting 1.3780/70 then 1.3715/05.

Gains are likely to be limited in what could be a developing bear trend. Minor resistance at 1.3890/1.3900. Unlikely but a break higher meets strong resistance at 1.3950/60.

minor resistance at 8660/70 then key resistance at 8700/8710. A break above 8730 however targets 8750/60, perhaps as far as resistance at 8790/8800.

Failure to beat 8660/70 targets 8630/20, perhaps as far as 8595/85 (hit last week). A break lower targets 8560/50 with a break below 8540 acting as the next sell signal.


  • Weekly Outlook Positive
  • Daily Outlook Negative
  • Short Term Outlook Negative
GBP Chart
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This site uses cookies to offer you a better browsing experience. By browsing this website, you agree to our use of cookies.