GBPUSD --- > An important resistance zone lies ahead!
Good afternoon, dear reader!
We offer you a technical analysis of the currency pair: #GBPUSD
Comments last week:
The currency pair took advantage of all the fruits of the weakening dollar last week, moreover, this week, the currency pair continued to grow.
The general weakness of the dollar makes it possible for the pair to test the global resistance line of April 14 of this year. The area of this line is located at 1.2560.
The results of the week: An increase of 182 points.
Results of the past month: Fall by 265 points.
Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair has long met resistance at 1.2370-1.2350, after this local resistance has been passed, the pair rushed to the upper border of the trading range.
However, the upper border did not restrain her, and at the moment, she acts as a support line.
Indicative analysis provides the following information:
1. There is oversold currency on a 4-hour time frame (located in a potential sales area).
2. The price behavior indicator shows that the price is in an excess zone with respect to the 4-day trend, as soon as the pair exits from it, you can try new sales.
Global variables:
• Volatility: Weekly = 121 points // Monthly = 134 points // Quarterly = 130 points.
• Trends:
55 - day SMA started to grow;
100 - day SMA continues to decline;
200 - day SMA continues to grow;
• Range Ratio: 186 points (Growth from 62 points).
Recommendations:
Until the pair breaks the upward local uptrend, it can be carefully bought until the resistance described above.
However, these purchases should have a limited stop-loss, since, in the very near future, consolidation may begin, after which the pair should change the trend.
Best regards!
"Wermelgion & Partners"
!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 & Co” 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.
We offer you a technical analysis of the currency pair: #GBPUSD
Comments last week:
The currency pair took advantage of all the fruits of the weakening dollar last week, moreover, this week, the currency pair continued to grow.
The general weakness of the dollar makes it possible for the pair to test the global resistance line of April 14 of this year. The area of this line is located at 1.2560.
The results of the week: An increase of 182 points.
Results of the past month: Fall by 265 points.
Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair has long met resistance at 1.2370-1.2350, after this local resistance has been passed, the pair rushed to the upper border of the trading range.
However, the upper border did not restrain her, and at the moment, she acts as a support line.
Indicative analysis provides the following information:
1. There is oversold currency on a 4-hour time frame (located in a potential sales area).
2. The price behavior indicator shows that the price is in an excess zone with respect to the 4-day trend, as soon as the pair exits from it, you can try new sales.
Global variables:
• Volatility: Weekly = 121 points // Monthly = 134 points // Quarterly = 130 points.
• Trends:
55 - day SMA started to grow;
100 - day SMA continues to decline;
200 - day SMA continues to grow;
• Range Ratio: 186 points (Growth from 62 points).
Recommendations:
Until the pair breaks the upward local uptrend, it can be carefully bought until the resistance described above.
However, these purchases should have a limited stop-loss, since, in the very near future, consolidation may begin, after which the pair should change the trend.
Best regards!
"Wermelgion & Partners"
!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 & Co” 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.