empty
 
 
02.12.2022 10:12 AM
GBPUSD analsysis for December 02, 2022 - Second target has been reached and potential for the third target to be on the test

Technical analysis:

This image is no longer relevant

GBP/USD has been trading upside as I expected and the price has reached our second upside objective at the price of 1.2300. Anyway, due to the strong upside momentum in the background, I see potential for further upside movement.

Trading recommendation:

Due to the strong upside pressure in the background and bull flag pattern in creation, I see potential for further growth.

Watch for the potential buying opportunities on the intraday dips with the next main upside objective at 1.2450-1.2500

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of 1.2225

GBPUSD
Great Britain Pound vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • 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
  • 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

Recommended Stories

Technical analysis of GBP/USD for March 22, 2023

The GBPUSD pair traded with strong positivity yesterday to return to the bullish channel that appears on the chart, to head towards achieving expected additional gains in the upcoming sessions

Mourad El Keddani 01:32 2023-03-23 UTC+2

Technical analysis of EUR/USD for March 22, 2023

Euro parity still in play ahead of decisive US inflation data, for that common currency came within whisker of 1.0845 this week. Right now, the EUR/USD pair is still moving

Mourad El Keddani 22:19 2023-03-22 UTC+2

GBP/USD: imminent breakout and continuation

The GBP/USD pair continues to challenge the 1.2282 former high which represents an upside obstacle. You knew from my previous analysis that the price could resume its growth as long

Ralph Shedler 19:36 2023-03-22 UTC+2

EUR/USD challenging 1.0788 resistance

The EUR/USD pair extended its growth, registering a new high of 1.0800. Now, it is trading at 1.0791 at the time of writing. The bias is bullish, so further growth

Ralph Shedler 18:02 2023-03-22 UTC+2

Trading Signal for GBP/USD for March 22 - 23, 2023: key level 1.2217 (4/8 Murray - symmetrical triangle)

The key level is located around 1.2217 and around 1.2207. If the British pound breaks both levels and consolidates below the 4/8 Murray, we could expect a strong technical correction

Dimitrios Zappas 15:54 2023-03-22 UTC+2

Technical analysis on Gold for March 22nd, 2023.

Gold price is under pressure. Trend is still bullish as price continues trading inside the blue upward sloping channel. In the near term price is vulnerable to a pull back

Alexandros Yfantis 14:18 2023-03-22 UTC+2

Technical analysis on EURUSD for March 22nd, 2023.

EURUSD is trading around 1.0785. Short-term trend remains bullish a price continues making higher highs and higher lows. Price is inside the upward sloping blue channel and is approaching

Alexandros Yfantis 14:08 2023-03-22 UTC+2

USDJPY breaks out of bearish short-term channel.

USDJPY is trading around 132.82. As we explained in previous posts, USDJPY was very probable to produce a bounce higher as price stopped the decline at the 61.8% retracement level

Alexandros Yfantis 14:05 2023-03-22 UTC+2

March 22, 2023 : EUR/USD daily technical review and trading opportunities.

The market has remained under buying pressure until a plateau level occurred around 1.0800-1.0850. This was followed by a significant SELLING price action leading to the recent price decline

Mohamed Samy 13:20 2023-03-22 UTC+2

March 22, 2023 : EUR/USD Intraday technical analysis and trading plan.

Price action around the key-level of (1.0550-1.0600) was quite bullish. That's why, further bullish continuation towards 1.0800 was demonstrated. Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200

Mohamed Samy 13:18 2023-03-22 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.