GBP/USD: To drop to 1.2915 before a possible rebound – UOB Group
19.07.2024, 08:45

GBP/USD: To drop to 1.2915 before a possible rebound – UOB Group

Room for Pound Sterling (GBP) to drop to 1.2915 before the risk of a rebound increases; the next support at 1.2860 is unlikely to come under threat, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.

GBP may drop to 1.2915 in short-term

24-HOUR VIEW: “After GBP soared to 1.3043 on Wednesday and then pulled back, we indicated yesterday (Thursday) that ‘despite the advance, there is no significant increase in upward momentum, and GBP is unlikely to rise much further.’ We expected GBP to trade sideways between 1.2970 and 1.3045. However, instead of trading sideways, GBP dropped sharply, reaching a low of 1.2941. While the decline seems to be running ahead of itself, there is room for GBP to drop to 1.2915 before the risk of a rebound increases. The next support at 1.2860 is unlikely to come under threat. Resistance levels are at 1.2975 and 1.2995.”

1-3 WEEKS VIEW: “We have held a positive view in GBP since 04 Jul when it was trading at 1.2745 (see annotations in the chart below). We have been tracking the advance, and yesterday (18 Jul, spot at 1.3005), we indicated that ‘while the upside risk in GBP remains intact, conditions are severely overbought, and GBP might not reach 1.3100 this time around.’ We added, ‘a breach of 1.2940 would mean that GBP is not rising further.’ In NY trade, GBP fell to a low of 1.2941. While our ‘strong support’ level at 1.2940 has not been clearly breached yet, upward momentum has largely dissipated. In other words, the advance in GBP has come to an end. GBP has likely entered a consolidation phase, and it is likely to trade between 1.2850 and 1.3020 for the time being.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik