empty
 
 
02.12.2022 10:28 AM
Technical Analysis of GBP/USD for December 2, 2022

Technical Market Outlook:

The GBP/USD pair has hit the target level located at 1.2293 as expected and is currently consolidating the recent gains. The level of 1.2293 is the 50% Fibonacci retracement of the last big cycle down, so it is a key level for bulls. The intraday technical support is seen at 1.2186 and 1.2161. The market conditions are now extremely overbought, so a pull-back towards the support might be triggered anytime.

This image is no longer relevant

Weekly Pivot Points:

WR3 - 1.21733

WR2 - 1.21168

WR1 - 1.20955

Weekly Pivot - 1.20603

WS1 - 1.20390

WS2 - 1.20038

WS3 - 1.19473

Trading Outlook:

The bulls are temporary in control of the market and the 50% Fibonacci retracement of the last big wave down located at 1.2293 might be tested soon. On the other hand, the level of 1.0351 has not been tested since 1985, so the down trend is strong. In order to terminate the down trend, bulls need to close the weekly candle above the level of 1.2275 (swing high from August 10th).

GBPUSD
Great Britain Pound vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Ký quỹ tài khoản của bạn với $3000 và nhận được $8000 nhiều hơn!
    Trong Tháng 3 chúng tôi xổ $8000 trong chiến dịch Chancy Deposit!
    Có được một cơ hội giành chiến thắng bằng việc ký quỹ $3000 vào một tài khoản giao dịch. Đáp ứng được điều kiện này, bạn trở thành một người tham gia chiến dịch.
    THAM GIA CUỘC THI
  • 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
  • 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

Technical analysis on NZDUSD for March 29th, 2023

NZDUSD is trading around 0.6224. Price continues making higher lows but earlier today it formed a lower high. Price thus far is unable to push above the neckline resistance

Alexandros Yfantis 14:37 2023-03-29 UTC+2

GBP/USD under strong upside pressure

The GBP/USD pair ended its temporary retreat and now is trading higher at 1.2345. It has dropped as much as 1.2304 today where it has found support. You knew from

Ralph Shedler 13:51 2023-03-29 UTC+2

Forecast for EUR/USD on March 29. The dollar is likely to remain under pressure in the near future

On Tuesday, the EUR/USD pair maintained its upward trend toward the corrective level of 200.0% (1.0861). The US dollar will benefit from the pair's rebound from this level

Samir Klishi 12:38 2023-03-29 UTC+2

Forecast for GBP/USD on March 29. Andrew Bailey: nothing threatens the UK banking system

The GBP/USD pair returned to the level of 1.2342 on Tuesday, and today it rebounds from this level, according to the hourly indicator. As a result, there was a reversal

Samir Klishi 12:21 2023-03-29 UTC+2

Forex forecast 03/29/2023 EUR/USD, USD/CHF and Oil from Sebastian Seliga

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

Sebastian Seliga 10:55 2023-03-29 UTC+2

EUR/USD and GBP/USD technical analysis on March 29, 2023

EUR/USD Higher time frames The accumulation of support levels stopped the bears from pushing the price lower. The bulls are now trying to regain ground. So, the monthly medium-term trend

Evangelos Poulakis 10:47 2023-03-29 UTC+2

Indicator analysis: Daily review of GBP/USD on March 29, 2023

The pound-dollar pair may move down from 1.2338 (closing of yesterday's daily candle) to 1.2294, the 76.4% pullback level (blue dotted line). In the case of testing this level

Stefan Doll 09:40 2023-03-29 UTC+2

Technical Analysis of GBP/USD for March 29, 2023

Technical Market Outlook: The GBP/USD pair has made another higher high at the level of 1.2348 as the up trend continues. The intraday technical support is seen at 1.2254 (50

Sebastian Seliga 08:44 2023-03-29 UTC+2

Technical Analysis of EUR/USD for March 29, 2023

Technical Market Outlook: The EUR/USD pair has tried to bounce higher to bounce higher, but bulls were rejected from the intraday technical resistance seen at 1.0818. In a case

Sebastian Seliga 08:43 2023-03-29 UTC+2

Indicator analysis of EUR/USD on March 29

The pair continued its upward movement on Tuesday, breaking through 1.0835, the Fibonacci retracement level of 61.8% (red dotted line). It closed the daily candlestick of 1.0843. Today

Stefan Doll 08:20 2023-03-29 UTC+2
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.