GBP/USD’s Break Over Resistance But What Next?

April 28, 2013 in Chart Alert

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GBP/USD had broken over the volatile sideways move by a strong break over 1.5411 but the pair is now struggling with the psychological pressures of 1.5500 level.

We are just posting some of the observations in the following charts indicating the possible resistances of next retracement levels as well as 200-day SMA.

GBP/USD and 200-day moving average

GBP/USD inching towards 200-day moving average

GBP/USD break over 38.2% retracement

GBP/USD broke over 38.2 percent retracement level

 

You may also like to check the weekly forecast of GBP/USD.

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