empty
 
 
pt
Suporte
Abertura instanânea da conta
Plataforma de negociação
Depósito/Retirada

06.05.202605:59 Forex Analysis & Reviews: Trading Signals for GBP/USD on May 6-8, 2026: buy above 1.3550 (21 SMA - 7/8 Murray)

Relevance up to 23:00 2026-05-19 UTC--4

Exchange Rates 06.05.2026 analysis

Since April 24, the British pound has been trading within an uptrend channel, above the 200 EMA and above the strong 6/8 Murray support level, which leads us to believe that GBP/USD could continue its rise in the near term and reach the 8/8 Murray level around 1.3671.

We could open long positions on the British pound in the coming days as long as the price remains within the uptrend channel formed on the four-hour chart. A pullback toward the 7/8 Murray zone or toward the lower band of the uptrend channel will allow us to buy, with targets at 1.3609 and ultimately at 8/8 Murray.

The outlook could change rapidly if the British pound falls below 1.3520, which would signal a break of the uptrend channel. Additionally, GBP/USD is expected to consolidate below the 7/8 Murray level. Then, the target for bears could be the 200 EMA around 1.3472 and finally the 6/8 Murray level around 1.3427.

We must pay attention to the development of the British pound's movement; the key is to watch for the price to consolidate above 1.3550. Any pullback toward this level will give us an opportunity to buy in the coming days.

The Eagle indicator is showing a positive signal, supporting the bullish strategy, and the British pound likely still has some way to go before reaching 1.3671; it could even reach the upper band of the uptrend channel around 1.3750

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Não pode falar agora?
Faça sua pergunta no chat.