Chat

GBPUSD News

(0 votes)


Last Updated Date: 1 June 2022 @ 7:44 AM (UTC)
*Please note that all the dates are in GMT time zone

 The U.S. dollar edged higher in early European trade Wednesday, helped by higher Treasury yields as the focus turned once more towards soaring global inflation.

The GBPUSD market signals a short term bear setup with the prevailing bear trend of previous months calling for an attack under the 1.2482 swing low. A close under 1.2482 projects a larger bear wave to 1.2150. The reluctance to stay under 1.2482 hints for rebounding action, but trade needs a close over 1.2772 to renew a bottoming formation.

Resistance 2       1.2664
Resistance 1       1.2622
 

Support 1            1.2577
Support 2            1.2535




 
Chart

GBPUSD Live Price


sell
buy
Daily price range:
Low
High



RISK WARNING

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.