empty
 
 
04.02.2022 09:20 PM
February 4, 2021 : GBP/USD Intraday technical analysis and significant key-levels.

This image is no longer relevant

The GBPUSD pair has been moving within the depicted bearish channel since July.

Bearish extension took place towards 1.3220 where the lower limit of the current movement channel came to meet with Fibonacci level.

Conservative traders should have taken BUY trades around 1.3200 price levels as suggested in previous articles.

Recent bullish breakout off the depicted bearish channel has occurred few days ago. However, BUYERS were watching the price levels of 1.3730 to have some profits off their trades.

Moreover, the price level of 1.3720 stood as a key-resistance which offered bearish rejection on last Thursday.

Shortly after, the short-term outlook turned bearish when bearish decline below 1.3570 occurred earlier last week.

As mentioned before, bearish decline below 1.3570 enhanced the bearish side of the market towards 1.3400 which brought the pair back towards 1.3570 for retesting

Moreover, the current bullish pullback towards 1.3570 should be considered for SELL trades as it corresponds to the upper limit of the ongoing bearish channel.

Summary
Urgency
Analytic
Mohamed Samy
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback