- Analytics
- Market analysis
- Technical Analysis
- GBP/USD is trading near a 2-week high
GBP/USD is trading near a 2-week high
Today, the GBP/USD pair is trading in the range of 1.2675-1.2750 - about a 2-week high. This week, the pair retreated from a 6.5-month low of 1.2485. On the hourly chart, the pair remains slightly above the moving average line MA (200) H1 (1.2625), but on the four-hour chart it remains below MA (200) H4 (1.2840). Technically speaking, the resistance of 1.2770 may keep GBP/USD from further growth. If this level is passed, then GBP/USD may rise to 1.2880. The lower bound of 1.2485 represents a strong support level.
⦁ Resistance levels are: 1.2750-70, 1.2880, 1.3010
⦁ Support levels are: 1.2625-45, 1.2485, 1.2445
The main scenario for the pair's promotion assumes a breakthrough of 1.2625-45 (Nov 28 low, MA (200) H1) and there may be a decrease to 1.2485 (Nov 22 low)
An alternative scenario implies a breakout of the resistance of 1.2750-70 (Nov 13 high, session maximum) and there may be an increase to 1.2880 (Nov 12 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
