empty
 
 

Forex Analysis & Reviews: GBP/USD: could buyers take it higher?
time 26.10.2021 08:44 AM
time Relevance up to, 27.10.2021 08:44 AM

This image is no longer relevant

GBP/USD Up Channel!

The GBP/USD pair is trading at the 1.3757 level right above the uptrend line. You can see that the pair increased within an up-channel pattern. As long as it stays within this formation, the price could resume its upwards movement towards fresh new highs.

In the short term, GBP/USD has slipped lower after reaching the upside line of the ascending channel, which stands as dynamic resistance, an upside obstacle. Now is located below a minor downtrend line which represented an immediate upside obstacle.

GBP/USD Trading Conclusion!

Staying above the uptrend line, within the ascending channel's body, and jumping above the minor downtrend line is seen as a buying opportunity. An upside continuation could be invalidated only if the rate drops and stabilizes below the uptrend line.

Ralph Shedler,
Chuyên gia phân tích của InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Giao dịch khôn ngoan, thành công
    Nạp tiền vào tài khoản của bạn với ít nhất $ 500, đăng ký cuộc thi và có cơ hội giành được các thiết bị di động.
    THAM GIA CUỘC THI
  • Ferrari từ InstaForex
    Nạp tiền vào tài khoản của bạn với ít nhất 1.000
    tham gia cuộc thi và giành chiến thắng Ferrari
    F8 Tributo
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Gửi vào tài khoản của bạn 3.000 đô la và giành được 1.000 đô la
    THAM GIA CUỘC THI
  • 100% tiền thưởng
    Cơ hội duy nhất của bạn để nhận 100% tiền thưởng khi gửi tiền
    NHẬN THƯỞNG
  • 55% Tiền thưởng
    Đăng ký tiền thưởng 55% cho mỗi lần gửi tiền của bạn
    NHẬN THƯỞNG
  • 30% tiền thưởng
    Nhận 30% tiền thưởng mỗi khi bạn nạp tiền vào tài khoản của mình
    NHẬN THƯỞNG

Recommended Stories

Forex forecast 12/05/2022 EUR/USD, GBP/USD, USD/JPY and Oil from Sebastian Seliga

Let's take a look at the technical picture of EUR/USD, GBP/USD, USD/JPY

Sebastian Seliga 10:57 2022-12-05 UTC+2

Technical analysis of GBP/USD for December 5-10, 2022

GBP/USD will move downwards this week, most likely from the closing of the last weekly candle to the support line. But after that it will rise to the historical resistance

Stefan Doll 10:31 2022-12-05 UTC+2

Video market update for December 05, 2022

Watch for buying opportunities on the dips

Petar Jacimovic 10:12 2022-12-05 UTC+2

EUR/USD and GBP/USD technical analysis on December 5, 2022

Bulls closed last trading week on a positive note. Today, they have already managed to retest the high, while rising to the monthly resistance level of 1.0611. The behavior

Evangelos Poulakis 10:01 2022-12-05 UTC+2

Technical Analysis of GBP/USD for December 5, 2022

Technical Market Outlook: The GBP/USD pair has extended the up move towards the level of 1.2343 despite the extremely overbought market conditions. There is a clear bearish divergence made between

Sebastian Seliga 09:33 2022-12-05 UTC+2

EUR/USD analysis for December 05, 2022 - Potential for the the biiger growth

Technical analysis: EUR/USD has been trading upside as I expected and the price is heading towards the main upside objective. I see potential for the upside continuation. Trading recommendation

Petar Jacimovic 09:15 2022-12-05 UTC+2

Indicator analysis: Daily review of GBP/USD on December 5, 2022

The pound-dollar pair may move downward from the level of 1.2288 (closing of Friday's daily candle) to 1.2139, the 14.6% retracement level (yellow dotted line). When testing this level

Stefan Doll 09:15 2022-12-05 UTC+2

Indicator analysis: Daily review of EUR/USD on December 5, 2022

The euro-dollar pair may move downward from the level of 1.0531 (closing of Friday's daily candle) to 1.0426, the 14.6% retracement level (blue dotted line). After testing this level

Stefan Doll 09:05 2022-12-05 UTC+2

Technical Analysis of EUR/USD for December 5, 2022

Technical Market Outlook: The EUR/USD pair has been seen moving upward towards the next target for bulls seen at 161% Fibonacci extension at 1.0623. The new swing high was made

Sebastian Seliga 08:55 2022-12-05 UTC+2

Technical analysis of EUR/USD for December 5-10, 2022

Trend analysis EUR/USD may continue its upward movement this week, starting from the level of 1.0531 (closing of the last weekly candle) to 1.0695, which is the historical resistance level

Stefan Doll 08:47 2022-12-05 UTC+2
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.