empty
 
 
04.01.2024 04:26 PM
Trading Signal for GBP/USD on January 4-5, 2023

This image is no longer relevant

Early in the American session the British pound is trading around 1.2692 above the 21 SMA and inside the downtrend channel formed since December 26. The British pound found strong support around 1.2612, this level coincided with the December 21 low as it also reached the bottom of the downtrend channel and since then we saw that there was a technical bounce.

According to the technical chart, we can observe that the British Pound has found a strong barrier around the top of the downtrend channel. In the coming hours, in case it continues to test and fails to break this channel, we could sell below 1.2710 with targets in the area of 1.2620 or the 200 EMA located at 1.2601.

If in the coming hours the British pound continues to decline and consolidates below 8/8 Murray and below the 21 SMA this could be seen as a bearish signal and we could sell with targets at 1.2650 and 1.2601 (200 EMA).

On the other hand, in case the British pound consolidates above 1.2740 we could expect it to continue rising and could be seen as a buy signal targets at +1/8 Murray located at 1.2817.

In view that the British pound is trading below a downtrend, the main strategy will be to sell if the price is below 1.2729, this level is the maximum reached until today, with targets at 7/8 Murray located at 1.2573.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $8000 lebih lagi!
    Dalam Mac kami membuat cabutan bertuah $8000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget