empty
 
 
04.08.2020 06:37 AM
GBP/USD price movement, August 04, 2020

This image is no longer relevant

On the 4 hour chart, we can see that GBP/USD continues to rise as the bullish momentum is strong. The price is moving above the Moving Average periods (30). There is a possibility that Cable will reach the 1.3112 level as the first target and the 1.3169 level as the second target. This scenario is likely to come true if the pair does not decline and close bellow the 1.2990 level.

The overall bias for GBP/USD is bullish.

(Disclaimer)

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 $1000 more!
    In April we raffle $1000 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

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