empty
 
 
09.08.2023 09:29 PM
August 9, 2023 : GBP/USD Intraday technical analysis and significant key-levels.

This image is no longer relevant

Currently, the GBP/USD pair has been approaching the price level of 1.3200, with a mixed market sentiment until lack of bullish momentum was witnessed.

Recently, The GBP/USD pair managed to climb above 1.2600 and tried to advance toward 1.2900 and the next target around 1.3100, but it did not have enough bullish momentum to maintain it.

Moreover, a short-term bearish pullback was executed towards 1.2600 where significant bullish rejection emerged.

That's why, the previous bullish visit was expected to pursue toward1 1.3300 if sufficient bullish momentum is maintained.

Two weeks ago, the GBP/USD pair has shown signs of bearish rejection just below 1.3200, initiating the current bearish movement.

After bearish closure below the price level of 1.2800 on a H4 candlestick, it continued to fall toward 1.2500 where the depicted uptrend line comes to meet a significant Fibonacci Level for another bullish entry.

On the other hand, if the pair manages to break and persist below 1.2500, further bearish decline should be expected at least towards 1.2400.

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