empty
 
 
Você está prestes a sair
www.instaforex.eu >
de um site operado pela
INSTANT TRADING EU LTD
Abrir Conta

02.08.201912:26 Forex Analysis & Reviews: Technical analysis of GBP/USD for August 02, 2019

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Exchange Rates 02.08.2019 analysis

  • The pair: GBP/USD
  • Time Frame: H1
  • Pivot point: 1.2217

Overview:

  • The GBP/USD pair dropped sharply from the level of 1.2217 towards the 1.2081 price during the last two days.
  • Today, the first resistance level is seen at 1.2217 (pivot) followed by 1.2303, while daily support 1 is found at 1.2081 and the level of 1.1994 will represent the second support at H1.
  • According to the previous events, we expect the GBP/USD pair to trade between 1.2217 and 1.1994.
  • The GBP/USD pair is continuing to trade in a bearish trend from the new support level of 1.2217; to form a bearish channel.
  • Therefore, the market is likely to show signs of a bearish trend around the spot of 1.2217.
  • It should be noted that volatility is very high for that the GBP/USD pair is still moving below the major level of 1.2217 in coming hours.
  • Since the trend is below the 38.2% Fibonacci level (1.2248), the market is still in a downtrend. Overall, we still prefer the bearish scenario.

Trading recommandations:

  • The market is indicating a bearish opportunity below 1.2217 so it will be good to sell at 1.2217 with the first target of 1.2081. It will also call for a downtrend in order to continue towards 1.1994. However, stop loss is to be placed above the level of 1.2248.

Comments:

  • The pair seemed to constitute towards the formation of a dropping wedge - bearish reversal pattern on the 1-hourly chart. This along with another descending trend-line, acting as a resisatance around the spot of 1.2248 and 1.2217.
  • The RSI is still calling for a strong bearish market as well as the current price is also below the moving average 100 (blue trend).
Mourad El Keddani
Analytical expert of InstaForex
© 2007-2025

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.




Agora você está saindo do www.instaforex.eu, um site operado pela INSTANT TRADING EU LTD
Não pode falar agora?
Faça sua pergunta no chat.

Turn "Do Not Track" off