GBP/USD’s weekly chart shows indecision and bull fatigue. A close below 1.36 woukld imply a temporary reversal lower. The GBP/USD market looks to have turned indecisive. The long upper and lower wicks attached to the current and the preceding weekly candle indicate both bulls and the bears are unwilling to lead the price action. These candles also imply bull fatigue, given they have appeared following a solid rally from 1.28 to 1.38. As such, the immediate bullish bias stands neutralized. If the pair finds acceptance under 1.36 – the level defended since last week – the bull fatigue signaled by the weekly candles would gain credence, and a more substantial selling pressure may be seen. On the higher side, the weekly high of 1.3758 is the level to beat for the bulls. Weekly chart Trend: Neutral, bull fatigue Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver Price Analysis: XAG/USD sees a dead cat bounce as technical setup favors bears FX Street 1 year GBP/USD's weekly chart shows indecision and bull fatigue. A close below 1.36 woukld imply a temporary reversal lower. The GBP/USD market looks to have turned indecisive. The long upper and lower wicks attached to the current and the preceding weekly candle indicate both bulls and the bears are unwilling to lead the price action. These candles also imply bull fatigue, given they have appeared following a solid rally from 1.28 to 1.38. As such, the immediate bullish bias stands neutralized. If the pair finds acceptance under 1.36 – the level defended since last week – the bull fatigue signaled by the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
