15.07.201913:14 Forex Analysis & Reviews: Technical analysis of GBP/USD for July 15, 2019

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Overview:

The GBP/USD pair continues to move downwards from the level of 1.2580. This week, the pair dropped from the level of 1.2580 to the bottom around 1.2454. But the pair rebounded from the bottom of 1.2454 then closed at 1.2560. Today, the first support level is seen at 1.2454, the price is moving in a bearish channel now. Furthermore, the price has been set below the strong resistance at the level of 1.2529, which coincides with the 23.6% Fibonacci retracement level. This resistance has been rejected several times confirming the veracity of a downtrend. Additionally, the RSI starts signaling a downward trend. As a result, if the NZD/USD pair is able to break out the first support at 1.2454, the market will decline further to 1.2375 in order to test the weekly support 2. Consequently, the market is likely to show signs of a bearish trend. So, it will be good to sell below the level of 1.2454 with the first target at 1.2375 and further to 1.2315. However, stop loss is to be placed above the level of 1.2580.

Back to the list

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.