empty
 
 
Back Technical analysis
analytics69a7e2e5a9646.jpg
Back Technical analysis
GBP/USD. March 4th. The Pound Continues to Suffer Due to the War in Iran
On the hourly chart, the GBP/USD
The premium article will be available in
00:00:00
The premium article will be available in00:00:00
On the hourly chart, the GBP/USD pair continued its decline on Tuesday and consolidated below the 1.3341–1.3352 support level based on the new Fibonacci grid. Thus, the downward movement may continue toward the 1.3199–1.3214 support level. A consolidation above the 1.3341–1.3352 level would work in favor of the British pound and allow for some growth toward the 1.3437–1.3465 resistance level. The wave structure remains "bearish." The last completed upward wave failed to break the previous peak, while the new
Fresh articles are available only to premium users
Read analytics in early access, getting information first
Get
Samir Klishi,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Grigory Sokolov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback