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Forex Analysis & Reviews: Indicator analysis of GBP/USD on September 27, 2022
time 27.09.2022 11:26 AM
time Relevance up to, 28.09.2022 08:16 AM

Trend analysis (Fig. 1).

On Tuesday, moving up from the level of 1.0671 (closing of yesterday's daily candlestick), the price will try to reach the 38.2% retracement level of 1.0875 (blue dotted line). Should the quote test the barrier, the price will rise to the target standing at the 50.0% retracement level of 1.0875 (blue dotted line) and then go down.

This image is no longer relevant

Fig. 1 (daily chart)

Complex analysis:

- indicator analysis - up

- Fibonacci levels - up

- volumes - up

- candlestick analysis - up

- trend analysis - up

- Bollinger bands - up

- weekly chart - up

Final thoughts:

Today, moving up from the level of 1.0671 (closing of yesterday's daily candlestick), the price will try to reach the 38.2% retracement level of 1.0875 (blue dotted line). Should the quote test the barrier, the price will rise to the target standing at the 50.0% retracement level of 1.0875 (blue dotted line) and then go down.

Alternative scenario: moving down from the level of 1.0671 (closing of yesterday's daily candlestick), the quote will try to get to the 14.6% retracement level of 1.0546 (blue dotted line). If the barrier is tested, the price could retrace up to the 38.2% retracement level of 1.0875 (blue dotted line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2023
GBPUSD
Great Britain Pound vs US Dollar
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