GBP/USD: the pound shows growth

FX:GBPUSD   Bảng Anh/ Đô la Mỹ
93 lượt xem
93 0
Current trend

GBP showed growth against USD in trading on Monday, continuing the development of a powerful correction impulse formed at the end of last week. The instrument grew against the background of a calm beginning of the week in terms of macroeconomics and the publication of quite strong data on house prices from Halifax for March.

GBP strengthened mostly due to the USA-China trade conflict development. In addition, the investors are focused on Brexit negotiations, as the new contentious issue has raised – Gibraltar question. Now it is the Overseas Territory of Great Britain, but Spain has a long-standing claim to it. In case of UK leaving EU, Madrid demands shared administration of the Gibraltarian airport and a partnership in the border control issues.

Support and resistance

Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is unchanged, but it remains rather spacious for the current level of activity in the market.
At the moment, the indicators do not contradict the further development of the uptrend in the short and/or ultra-short term.

Resistance levels: 1.4162, 1.4200, 1.4242.

Support levels: 1.4100, 1.4068, 1.4000, 1.3963.

Trading tips

To open long positions one can rely on the breakout of the level of 1.4162, while maintaining "bullish" signals from technical indicators. Take-profit – 1.4242–1.4260. Stop-loss – 1.4120–1.4100. Implementation period: 2-3 days.

The development of correctional trend with the breakdown of the level of 1.4100 may become a signal to begin sales with target at 1.4000. Stop-loss – 1.4150–1.4160. Implementation period: 2-3 days.
Register on LiteForex site and get more analysis
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Gửi phản hồi Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất