GBPUSD Intraday Snapshot (Trend, Levels, News, More)

Trend (short-term): UP
Market Background (mid-term): WEAK
Supply/Demand: N/A
Support (nearest): 1.26618
Resistance (nearest): 1.2780
Next Event: ADP Non-Farm Employment Change (3h 14m)
Next High Impact Event: Manufacturing PMI (1d 0h 29m)
Volatility: REGULAR (-2% avg.)
Daily Range (Expected): 1.2663 – 1.2751 / 59% of avg. daily range Completed


Here we are looking at possible short trade in a few hours. Mid-term trend is down, the background is weak, there is a resistance at 1.2780 and daily range upper region is near resistance. So it is recommended to check if this price goes near the resistance and from there retraces back down. Just be careful with high impact news, don’t open a trade 1 hour before it or less. It is safer to trade after the impact.


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