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Back Technical analysis
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Back Technical analysis
GBP/USD: May 11th – The Dollar Was Unimpressed by the Payrolls Report
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair on Friday recorded its fourth rebound from the 1.3632–1.3641 resistance level over the past six days. As a result, another reversal in favor of the U.S. dollar occurred, along with consolidation below the 61.8% Fibonacci retracement level at 1.3596, which allows for expectations of continued decline toward the 1.3513–1.3526 support level. A rebound from this zone would make it possible to expect a reversal in favor of the British pound and renewed growth
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Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Grigory Sokolov
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