GBPUSD Forex Analysis – Rally Fails At 1.1350 Daily Resistance

Hi Traders, watching price levels on the GBPUSD daily, 4-hour, and 15-minute charts.

Price closed below the 1.1350 daily resistance level yesterday.

1.1350-51 the daily resistance level and 62% fib retracement level.

Watching for price to rally and fail at this intraday resistance level for a further decline targeting the 1.1200 level.

Disclaimer: Trading involves risk.

Register for the webinar here: https://acy.com/en/education/webinars

Catch up with the latest news and market analysis here https://acy.com/en/market-news

Get in touch today:
Web: https://www.acy.com
Twitter: https://twitter.com/ACY_Securities
Facebook: https://www.facebook.com/acy.securities/
#acysecurities #gbpusd #forexanalysis

ACY Securities Pty Ltd (‘ACY AU’) is regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL authorised us to provide financial services to Australian Residents or Businesses. ACY Capital Australia Limited (‘ACY LTD’), ACY LTD is incorporated in Vanuatu, company number 012868, and is regulated by the Vanuatu Financial Services Commission (VFSC). Registered address: Govant Building, 1276 Port-Vila, Vanuatu.

ACY AU and ACY LTD provide general advice that does not consider your objectives, financial situation, or needs. With Forex, CFDs, and over-the-counter products, you have a risk of losing more than your initial investment, and you must consider if these instruments are suitable for your circumstances.

Comments

Comments are disabled for this post.