empty
 
 
14.02.2024 04:50 PM
Trading Signals for GBP/USD on February 14-16, 2024: buy above 1.2512 (1/8 Murray - symmetrical triangle)

This image is no longer relevant

The British pound is trading around 1.2546 after a sharp decline from the 4/8 Murray zone towards the psychological level of 1.25. The GBP/USD pair is moving within a symmetrical triangle pattern. The instrument is likely to bounce above 1.2530 or above -1/8 Murray located at 1.2512 in the coming days.

If the British pound consolidates and trades above the psychological level of 1.25, our expectations are positive. We could see the GBP return and reach levels of the 200 EMA located at 1.2650. GBP/USD could even reach the level of 1.2763 which represents the high reached at the beginning of February.

On the other hand, in case the bearish pressure intensifies, we should expect a close below 1.2512 on H4 or daily charts. Then, GBP/USD could continue its bearish movement and could reach 0/8 Murray located at 1.2451 and finally at -1 /8 Murray located at 1.2390.

Technically, the eagle indicator is reaching the oversold zone. and it is likely that in the coming days, the British pound could consolidate above 1.2512 which could be seen as an opportunity to buy with targets at 1.2573, 1.26 15, 1.2650, and finally, at 1.2695.

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