close 74% of retail investor accounts lose money when trading CFDs with this provider. Investments involve risks and are not suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
SearchSearch
Change languageEnglish (International)
Dashboard
  1. Home
  2. Analytics
  3. Technical Analysis
  4. GBP/USD Might be Targeting 1.2550 Short Term

GBP/USD Might be Targeting 1.2550 Short Term

March 23, 2017 08:38

As we could see on previous Session Recap webinar, the GBP/USD perfectly rejected from POC and provided more than 120 possible pips. Another bullish sign that wee see today is Bullish SHS pattern ( Inverted Head and Shoulders) that might provide a continuation to the upside targeting 1.2550. However Retail Sales data might move the price today. On a worse than expected result the pair might drop to POC (Ema 89, ATR pivot, D L4) 1.2430-50 and then it might spike. On a better than expected data look for continuation above 1.2516 towards 1.2550 D H5/ W H4 confluence.

Follow @TarantulaFX on twitter for latest market updates

Avatar-Admirals
Admirals An all-in-one solution for spending, investing, and managing your money

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.

help-icon Live chat

Dear Traders,

We would like to inform you that the Facebook page Admirals Global is no longer associated with Admirals.

Please always refer to our official channels for accurate and up-to-date information.

Admirals