- Analytics
- Market analysis
- Technical Analysis
- GBP / USD rose to a 7-month high.
GBP / USD rose to a 7-month high.
The GBP / USD pair is mostly rising from 1.2800 to 1.2840 today, reaching a 7-month high. On the hourly chart, the pair rose above the MA (200) H1(1.2695) moving average line and on the four-hour chart above the MA (200) H4 (1.2655). Technically speaking, the resistance level at 1.2840 may keep prices from rising further. In case it is broken, the pair may rise to 1.2785. The lower boundary of 1.2720 represents a strong support level.
⦁ Resistance levels are: 1.2840, 1.2890, 1.2995
⦁ Support levels are: 1.2800, 1.2720, 1.2670
The main scenario for the pair suggests a break of the session high of 1.2840 and a possible rise to 1.2890 (July 28 high).
The alternative scenario implies a break of the session low of 1.2800 and may be a decline to 1.2720 (March 7 low).
© 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
