GBP/USD daily overview

FX:GBPUSD   Bảng Anh/ Đô la Mỹ
Similarly to other major currencies, the Pound retrieved from its recent highs against the US Dollar and edged lower on Friday. It breached the 55-hour SMA and was testing the longer-term moving average and the weekly PP circa 1.4120 on Monday morning. This level coincides with the bottom boundary of a three-week ascending triangle which has constrained the pair’s recent period of appreciation.

Meanwhile, this trading session started with low volatility , as bears were reluctant to breach the nearest support. This area, however, is expected to surrender, thus allowing the Pound to approach the 200-hour SMA located near the 1.40 mark.

The pair is likely to remain in the 1.4050/1.4100 range by Tuesday morning .
Bình luận:

The British Pound continues to depreciate against the US Dollar for the second consecutive session. This bearish momentum has resulted in a breakout of a four-week ascending channel.

At the time of this analysis, the pair was testing the 200-hour SMA located near the 1.4050 mark. Technical indicators demonstrate that there is still some donwside potential, especially if this long-term moving average is breached. A possible downside target in this case could be the 38.20% Fibo and the upper boundary of the breached channel circa 1.40.

On the other hand, fundamentals might still push the rate higher within this session, thus pushing the Pound towards the 55– and 100-hour SMAs at 1.4150.

By and large, longer-term perspective demonstrates that bears should prevail during the following trading sessions.
Bình luận:

Upside risks prevailed in the market on Tuesday, thus allowing GBP/USD to end the session with a 74-pip advance. The pair experienced a brief period of consolidation after breaching the 55-hour SMA and the weekly PP, but eventually managed to dash through the 100-hour moving average, as well.

In accordance with technical indicators, there is still some upside potential that could push the rate towards the 1.43 mark where the bottom boundary of the breached four-week channel is located. However, their high positioning suggests that this expected movement up is unlikely to be sustainable for the whole session.

Meanwhile, the southern barrier is guarded by several noteworthy support levels. In case no fundamentals breach this area, the Pound should remain trading near 1.42 by Wednesday morning.
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 Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất