- Analytics
- Market analysis
- Technical Analysis
- GBP/USD retreated slightly from the 20-day low
GBP/USD retreated slightly from the 20-day low
Today, the GBP/USD pair is mainly growing in the range of 1.3125-75 after falling yesterday to a 20-day low of 1.3090. The pair broke through the 1.3240 support yesterday, which became the nearest resistance. On the hourly chart, GBP/USD has fallen below the MA (200) H1 (1.3320) moving average line and is testing MA (200) H4 (1.3200) on the four-hour chart. Technically speaking, the support of 1.3090 has so far kept GBP/USD from further decline. If this level is passed, then GBP/USD may fall to 1.3005. The upper limit of 1.3305 represents a strong resistance level.
⦁ Resistance levels are: 1.3240, 1.3305-20, 1.3435
⦁ Support levels are: 1.3090, 1.3005, 1.2940
The main scenario for the pair's promotion assumes a breakout of support at 1.3090 (Oct 3 low) and may be a decline to 1.3005 (Sept 11 low)
The alternative scenario implies an increase to 1.3240 (Oct 1 low) and then, maybe, to 1.3305 (Oct 2 high)
© 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
