GBP/USD: pound is cramped in the corridor

GBP/USD: pound is cramped in the corridor

2020-04-20 • Updated


BUY 1.3295

SL 1.3240

TP1 1.3415 TP2 1.352 TP3 1.3585

On The daily chart, GBP/USD approached the upper border of the 1.3045-1.3320 range, formed within “Spike and ledge” pattern. A successful test of resistance at 1.3320 will increase the risks of growth towards 1.3520 and 1.3585 with the following resumption of an uptrend.


On H1, GBP/USD reached the targets of the junior “Widening wedge”. A pullback to 38.2% of the wave 4-5 with the following return to 23.6% is usually used for buying. The test of resistance at 1.3295 will allow increasing longs. 




AUD: Trade Ideas
AUD: Trade Ideas

Last Tuesday, the Australian dollar experienced its steepest drop of the year, falling by 1.18%, following higher-than-expected US inflation figures, which boosted the US dollar. However, the Aussie has since rebounded and is now trading at a two-week high against the US dollar. Investors are...

USD: CPI Carries The Dollar to Pivots
USD: CPI Carries The Dollar to Pivots

The higher-than-expected inflation data for January has reignited concerns about rising prices and its implications for Federal Reserve policy. While investors had anticipated rate cuts in the near term, the hot inflation print may delay such actions. As the Fed navigates the delicate balance between containing inflation and...

CAD’s Troubles Could Be Soon Forgotten
CAD’s Troubles Could Be Soon Forgotten

The Canadian Dollar faces a confluence of challenges, from the unexpected BoC stance on interest rates to mixed economic data and the traditionally impactful fluctuations in oil prices. As investors grapple with uncertainty regarding future monetary policy directions and the resilience of various economic sectors, the...

Latest news

XAUUSD: Bears Prepare To Takeover
XAUUSD: Bears Prepare To Takeover

On Friday, the gold price (XAUUSD) retreated from a recent two-week high, facing selling pressure. This decline was driven by hawkish minutes from the FOMC meeting, indicating the Fed's reluctance to cut interest rates. Elevated US Treasury bond yields, supported by a "higher-for-longer" narrative, further weakened demand for gold...

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera