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Frequently Asked Questions

What is the meaning of GBP USD chart?

Pound - Dollar Chart. GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world.

Is GBP/USD trending down?

- Depend on S/R areas, the chart will move following one of the three paths, wait for confirmation. - Dépend des zones S/R, le graphique va se déplacer suivant l'un des trois chemins, attendez la confirmation. Overall, GBP/USD is trending downwards. Bank of England committee member Saunders will be speaking later at 1900 (GMT+8).

Will there be volatility in GBP/USD?

During this time, there may be volatility in GBP. Currently, GBP/USD is testing to break below the key level of 1.33. Its next support zone is at 1.32200 and its next resistance zone is at 1.33800. Look for short-term selling opportunities of GBP/USD. Potential Secondary Retracement into the 78.60% Level and a continuation.

What are the charts and how do they work in forex?

The charts update live and and default to candlestick charts to help you trade foreign exchange. Your forex broker may have charts that don't update as quickly or have advanced features like at ForexLive where charts provide short-term or long-term opportunities for technical analysis.

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