Trade of the Day: GBP/USD

Get the Autochartist Trade of the Day on your Mobile!

Join our Telegram Channel now!


ChartViper Trade of the Day

GBP/USD continues to rise toward the 30-minute key resistance level 1.2810, which was recently identified by Autochartist. Autochartist rates the significance of this resistance level at the 5 bar level – which is the result of the 5 earlier reversals from this price level. GBP/USD is expected to rise further toward the key resistance level 1.2810.

As can be seen from the daily GBP/USD chart below – the pair earlier reversed up from the support area located between the key support level 1.2655 (former resistance from May), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from March. The proximity of this support area and the clear daily uptrend add to the probability GBP/USD will continue to rise toward the resistance level 1.281.


Want to get full Autochartist Access?

  • Autochartist Market Scanner
  • Autochartist Market Reports
  • Autochartist Mobile App (QR Code)
  • Full Autochartist Web App
  • Volatility Analysis

Subscribe here: ChartViper Subscriptions