- Analytics
- News and Tools
- Market News
- GBPUSD Price Analysis: Bulls move in and eye a significant correction
GBPUSD Price Analysis: Bulls move in and eye a significant correction
- GBPUSD bulls look to move into the 50% mean reversion area of the prior bearish impulse on the daily chart, as illustrated above.
- Bears need to break key support below 1.1100.
As per the prior analysis, GBPUSD Price Analysis: Bears move in on a fresh layer of support, from an hourly perspective, we have the bulls sitting at key support. fending off the bears as follows:
GBPUSD H1 chart, prior analysis
GBPUSD H1 chart update
GBPUSD H4 and daily charts
To put the upside prospects into the context of a higher time frame, then the four-hour chart shows a significant price imbalance between 1.1250 and 1.1380 if the bulls can get back above 1.1250.
In doing so, the bulls will be on track for a move into the 50% mean reversion area of the prior bearish impulse on the daily chart, as illustrated above.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
