Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Gbpusd:
*A comment:
A more hawkish position by the Bank of England and a more positive report on UK GDP helped the pound offset the onslaught of the US currency. And positive notes from the negotiations were generally accepted by bidders with enthusiasm. As a result, the foggy Albion currency grew by 165 points, which at the close of the week marked an increase of 1.28%.
* Technical comment:
The currency pair worked well for the consolidation and technical support of the downward channel located in the zone 1.29-1.2880.
At the given moment, the pair found resistance at 1.3060-1.3080. The pair begins to consolidate in front of this zone, its breakthrough will open the way to 1.3120 - 1.3180.
Support and resistance levels for the current week:
Resistances:
Supports:
* Orders and positions:
We closed our long position from February 11 to 1.2913. And at the moment we are considering short sales from current values with a short #stoploss of 1.3108. and longer #takeprofit at 1.2870.
(! Attention, these are preliminary price levels and we reserve the right to change them).
Best regards,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention a technical analysis of the currency pair #Gbpusd:
*A comment:
A more hawkish position by the Bank of England and a more positive report on UK GDP helped the pound offset the onslaught of the US currency. And positive notes from the negotiations were generally accepted by bidders with enthusiasm. As a result, the foggy Albion currency grew by 165 points, which at the close of the week marked an increase of 1.28%.
* Technical comment:
The currency pair worked well for the consolidation and technical support of the downward channel located in the zone 1.29-1.2880.
At the given moment, the pair found resistance at 1.3060-1.3080. The pair begins to consolidate in front of this zone, its breakthrough will open the way to 1.3120 - 1.3180.
Support and resistance levels for the current week:
Resistances:
Supports:
* Orders and positions:
We closed our long position from February 11 to 1.2913. And at the moment we are considering short sales from current values with a short #stoploss of 1.3108. and longer #takeprofit at 1.2870.
(! Attention, these are preliminary price levels and we reserve the right to change them).
Best regards,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
