FX.co ★ Farazkhan | GBP/USD

Technical Analysis of the GPB USD market trends and Trade Set Global currency markets are influenced by economic data and central bank policies, affecting pairs like GBP/USD. M-15 Time Frame The 15-minute chart for British Pound/U.S. Dollar on OANDA shows the current price at 1.35257, down by 0.00447 (-0.33%). A key resistance level is at 1.35308, where the price has struggled to move higher, indicating potential selling pressure, with another resistance near 1.35206 acting as a nearby barrier. The main support level is around 1.35000, where buying interest might kick in, and a deeper support is at 1.34500 if the price drops further. The pivot point near 1.35206 is crucial, and a break below could signal a bearish trend.

H-1 Time Frame The 1-hour chart for British Pound/U.S. Dollar on OANDA shows the current price at 1.35257, down by 0.00447 (-0.33%). A strong resistance level is at 1.35308, where the price has faced selling pressure, with another resistance near 1.35206 acting as a nearby hurdle. The key support level is around 1.35000, where buying interest might emerge, and a deeper support at 1.34500 could provide further stability if the price falls. The pivot point near 1.35206 is important, and a break below might suggest a bearish move.

Trade Set up For a trade setup, consider a sell position if the price breaks below 1.35206, targeting 1.35000 with a stop-loss above 1.35308, or a buy if it holds above 1.35206, aiming for 1.35308 with a stop-loss below 1.35000.