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GBPUSD News

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Last Updated Date: 11 March 2022 @ 11:51 AM (UTC)
*Please note that all the dates are in GMT time zone

The trend is down, driving selloffs into previous long term support levels at 1.3020. Trade is positioned to extend selloffs, but be alert for support off 1.2931 to continue rebounding trade into the next few days. Closes over 1.3130 and 1.3150 are needed to alert for a reversing turnaround. A close under 1.3030 will help confirm follow through selloffs.

Resistance 2      1.3147
Resistance 1      1.3105

 
Support 1           1.3061
Support 2           1.3020



 
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.