Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

 

The GBP/USD pair took a sharp bearish turn to trade at 1.3040 level amid a stronger U.S. dollar. However, the pair has entered the oversold zone, and it’s also testing the triple bottom support level. Is there any trade setup that we can trade right now? Of course, there is. Check out our forex trading signal on GBP/USD pair in a video analysis above.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • GBP/USD trades at one week-lows as Fed tapersGBP/USD trades at one week-lows as Fed tapers The pound declined to the weakest level in more than a week against the US dollar, after the Federal Reserve Bank announced that it will scale back its monetary stimulus by $10 billion at its two-day policy meeting concluded […]
  • USD/JPY little changed, close to eight-week highsUSD/JPY little changed, close to eight-week highs US dollar traded little changed and in proximity to highs unseen in eight weeks against the Japanese yen on Wednesday, as speculation mounted that the Federal Reserve Bank will consider a scale back of its stimulus early next year, while […]
  • Gold erases partially earlier session gains following U.S. dataGold erases partially earlier session gains following U.S. data Gold pared some of its earlier gains following todays upbeat U.S. economic data, which offset yesterdays disappointing Q1 GDP growth final reading and supported Feds intention to scale back its monetary easing program.On the Comex division […]
  • Yahoo! Inc. expects sales to meet analysts’ estimatesYahoo! Inc. expects sales to meet analysts’ estimates Yahoo! Inc. announced that the company expects its first-quarter sales to fail to reach some analysts estimates. At the same time, Marissa Mayer, who is the Chief Executive Officer of the company is trying to turn user growth at the Web portal […]
  • WTI Crude Oil stable ahead of Powell testimony, oil inventory dataWTI Crude Oil stable ahead of Powell testimony, oil inventory data Key pointsWTI Crude trades within relatively narrow range Focus sets on Fed Chair Powell's testimony API and EIA inventory data expectedFutures on US West Texas Intermediate Crude Oil held steady on Wednesday as […]
  • Acer Inc. unveils a new software and service plan to get back in the gameAcer Inc. unveils a new software and service plan to get back in the game The two Chief Executive Officers of Acer Inc. explained their view of the future of the company, as well as their strategy to make it more successful, while sharing that the strategic miscalculations of Acer have led to three consecutive years […]