Rimani 
Condizioni di trading
Strumenti
Overview:
Pivot point: 1.2297.
The GBP/USD pair broke resistance at 1.2297 which turned into strong support yesterday. This level coincides with 38.2% of Fibonacci retracement which is expected to act as major support today.
The RSI is still signaling that the trend is upward, while the moving average (100) is headed to the upside. Accordingly, the bullish outlook remains the same as long as the EMA 100 is pointing to the uptrend. This suggests that the pair will probably go above the daily pivot point (1.2297) in the coming hours.
So, we expect that The GBP/USD pair will continue to move upwards from the level of 1.2300.
Amid the previous events, the price is still moving between the levels of 1.2300 and 1.2412.
It will be good to buy at 1.2300 with the first target of 1.2371. It will also call for an uptrend in order to continue towards 1.2412. The strong weekly resistance is seen at the 1.2412 level.
At the same time, in case a reversal takes place and the GBP/USD pair breaks through the support level of 1.2270, a further decline to 1.2226 can occur, which would indicate a bearish market.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
Potremmo utilizzare i cookie per analizzare i dati dei visitatori, migliorare il nostro sito web e misurare le performance della pubblicità. In generale, questi dati vengono utilizzati per fornire una migliore esperienza sul sito web. Maggiori informazioni.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
