- Analytics
- Market analysis
- Technical Analysis
- GBP/USD is trading near a 2-week low
GBP/USD is trading near a 2-week low
Today, the GBP/USD pair is mainly growing in the range from 1.3070-1.3110 - around the 2-week low of 1.3050 reached yesterday. On the hourly chart, the pair fell slightly below the moving average line MA (200) H1 (1.3130), but on the four-hour chart it is trading above MA (200) H4 (1.2970). Technically speaking, the support of 1.3050 has so far kept the pair from further decline. If this level is passed, then GBP/USD may fall to 1.3010. The upper limit of 1.3265 represents a strong resistance level.
⦁ Resistance levels are: 1.3130-45, 1.3240-65, 1.3300
⦁ Support levels are: 1.3050, 1.3010, 1.2940
The main scenario of the pair's advance assumes a breakout of the resistance of 1.3130-45 (Sept 9 high, MA (200) H1) and there may be an increase to 1.3240-65 (Aug 27-28 and Sept 6 high)
An alternative scenario implies a breakout of support at 1.3050 (Sept 10 low) and may be a decline to 1.3010 (Aug 21 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
