empty
 
 
20.04.2022 08:31 AM
Technical Analysis of GBP/USD for April 20, 2022

Technical Market Outlook:

The GBP/USD pair has been seen trading inside of a narrow range located between the levels of 1.2981 - 1.3044 as the market participants keep waiting for the trigger to increase volatility. If the level of 1.2971 is clearly violated, then the bears might push the price towards the technical support seen at 1.2916 despite the extremely oversold market conditions. The down trend continues lower and there is no indication of down trend termination or reversal yet. The nearest technical resistance is located at 1.3000 and 1.3044.

Weekly Pivot Points:

WR3 - 1.3316

WR2 - 1.3229

WR1 - 1.3137

Weekly Pivot - 1.3058

WS1 - 1.2960

WS2 - 1.2880

WS3 - 1.2795

Trading Outlook:

The market is still in control by bears that pushed the price way below the level of 1.1185, so a breakout above this level is a must for bulls for a trend reversal. The next long-term technical support is located at 1.0639. The up trend can be continued towards the next long-term target located at the level of 1.1494 (high from 06.02.2022) only if bullish cycle scenario is confirmed by breakout above the level of 1.1186 and 1.1245, otherwise the bears will push the price lower towards the next long-term target at the level of 1.0639 or below.

This image is no longer relevant

Sebastian Seliga,
InstaForex के विश्लेषणात्मक विशेषज्ञ
© 2007-2026
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.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $3000 अधिक!
    में सितंबर हम आकर्षित करते हैं $3000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback