The GBPUSD has broken below a key static(horizontal) resistance area around 1.66, in addition to closing just below the 50-days SMA today, we will probably head lower, first and initial support is at the rising trend line shown on chart, while a retest of 1.6260-1.6220 support area is possible in my view. Risk limit could be at 1.6717 key high.
hello I think the short signal on the weekly chart is only a false signal currently prices are above the 38% level (1.64) and fibo difficimente will drop below this level at least for this week I think it is more correct to look for a signal just long area 1.64
Technician
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1.6400 is pretty far 130 pips from current price, that would provide some good profits. Although i see more downside for the pair, probably towards 1.6300 areas.
Hi tiger, I advice you to spend a meaningful period studying the basics of trading, then try to trade on a demo account. And then assess if this risky environment is appropriate for your personality. Good Luck
tigerfree
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thanks i will do that , can you thell me where i can learn how to read charts .
alex.a
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No demo account. It doesn't have fear and greed. Use live account but micro lot to begin with 0.01 lot.