empty
 
 

05.08.202220:38 Forex Analysis & Reviews: August 5, 2022 : GBP/USD Intraday technical analysis and significant key-levels.

Exchange Rates 05.08.2022 analysis

Recently, the GBP/USD pair remained under bearish pressure to challenge the new low around 1.2150 again which was bypassed shortly after.

Quick bullish rejection was expressed around 1.1950 bringing the pair back above 1.2150 again towards higher price levels.

Bullish persistence above 1.2300 (when achieved) was needed to enable further bullish continuation towards 1.2550 and probably 1.2650 where further decisions could have been taken.

However, as bullish momentum started to fade away, more bearish visits were expected to challenge the price level of 1.1950.

Significant bullish recovery has been witnessed during the recent bearish dip that took place earlier few days ago while the pair looked oversold while approaching these price levels.

This favours the bullish scenario at least towards 1.2350 and probably 1.2500 unless bearish persistence below 1.1900 is achieved.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2022
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。




  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
现在无法通话?
提出您的问题,用 在线帮助.