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Back Technical analysis
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Back Technical analysis
GBP/USD: May 6th – Price increases despite geopolitical factors
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair on Tuesday rebounded from the support level of 1.3513–1.3539, reversed in favor of the pound, and rose toward the 61.8% corrective level at 1.3596. A rebound of quotes from this level or from the resistance level of 1.3611–1.3620 will again favor the US dollar and a resumption of the decline. A close above the 1.3611–1.3620 level will increase the probability of continued growth toward the next Fibonacci level of 76.4% at 1.3700.
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Samir Klishi,
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