GBP/USD extends pullback from an eight-week high while printing mild losses near 1.2330 during early Wednesday. In doing so, the Cable pair prints the first daily loss in three.
Given the nearly overbought RSI (14), coupled with the bearish Doji candlestick at the multi-day top, the GBP/USD pair is likely to decline further.
However, an upward-sloping support line from the last Friday, around 1.2300 by the press time, restricts short-term downside of the Cable pair.
Following that, the 50-SMA and the March 24 bottom, respectively near 1.2250 and 1.2190, could challenge the GBP/USD bears.
It’s worth noting that the 100-SMA level surrounding 1.2135 acts as the last defense of the GBP/USD buyers, a break of which won’t hesitate to prod the mid-month low of near the 1.2000 psychological magnet.
On the flip side, a convergence of the previous support line from March 08 and a fortnight-long ascending trend line, around 1.2390, challenges the GBP/USD buyers.
Even if the quote rises past 1.2390, multiple tops marked during late 2022 and early 2023 and 1.2445-50 appears a tough nut to crack for the Cable pair buyers.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發