empty
 
 
22.05.2022 03:38 PM
May 22, 2022 : 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.

The short-term outlook turned bearish when the market went below 1.3600. This enhanced the bearish side of the market towards 1.3200 which brought the pair back towards 1.3600 for another re-test.

Shortly after, Bearish persistence below 1.3360 enabled bearish continuation towards 1.2980 - 1.3000.

Bullish rejection has arised many times around 1.3000 standing as a significant Daily Support. This happened before another bearish decline could take place earlier last week.

Another bearish breakout below 1.2980 has enabled quick bearish extension towards 1.2600-1.2550 where some bullish recovery and a short-term sideway movement could be established before another downside movement was expressed.

Previous bearish decline was expected to extend towards 1.2100 where bullish reversal could be expected. However, considerable bullish rejection was expressed around 1.2200.

Currently, bullish breakout above 1.2550 is needed to abolish the short-term bearish scenario and may enable quick bullish advancement towards 1.2750, 1.3300 and probably 1.3600 if sufficient bullish momentum is maintained.

Otherwise, the GBP/USD pair remains under bearish pressure to challenge the new low around 1.2150 again. Hence, any bearish reversal signs around 1.2550 should be considered for SELLING the pair.

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 $1000 más!
    ¡En Abril, sorteamos $1000 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
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 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