22.07.202217:38 Forex Analysis & Reviews: GBP/USD Technical Analysis and Trading Tips for July 22, 2022

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

The GBP/USD has gained momentum this week from the dollar's downward correction.

At the time of writing this article, GBP/USD is trading near the 1.1948 mark, again attempting to break through the important short-term support level of 1.1955 (200 EMA on the 1-hour chart).

At the same time, the currency pair remains in the zone of a long-term bearish market, below the key resistance levels of 1.2855 (200 EMA on the daily chart), 1.3210 (200 EMA on the weekly chart), 1.4580 (200 EMA on the monthly chart).

Only short positions should be opened below the mentioned level of 1.1955, and the breakdown of yesterday's local low of 1.1890 may be an additional signal for building up short positions.

Alternatively, and after the breakdown of the resistance levels 1.1955, 1.2000, 1.2045 (this week's high), the growth of GBP/USD will continue towards the resistance level 1.2114 (200 EMA on the 4-hour chart), and in case of its breakdown—to 1.2200, the upper limit of the descending channel on the daily chart. The limit of the upward correction is at the area of the resistance level 1.2225 (50 EMA on the daily chart).

One way or another, the GBP/USD dynamics is still dominated by bearish momentum, which forced the pair to update this month its more than 2-year low (since April 2020) near 1.1760. And since the trends "do not break" so quickly, it is logical to assume the resumption of the downward dynamics of GBP/USD.

Next week, the dynamics of the GBP/USD pair will be determined mainly by the dynamics of the dollar.

The focus will be on the Fed meeting.

Support levels: 1.1900 , 1.1880 , 1.1800 , 1.1760

Resistance levels: 1.1955, 1.2000, 1.2114, 1.2200, 1.2225, 1.2400, 1.2600, 1.2690, 1.2800, 1.2855, 1.2900, 1.3000, 1.3100, 1.3210, 1.3300

Trading Tips

Sell Stop 1.1880. Stop-Loss 1.2015. Take-Profit 1.1800, 1.1760, 1.1700

Buy Stop 1.2015. Stop-Loss 1.1880. Take-Profit 1.2100, 1.2114, 1.2200, 1.2225, 1.2400, 1.2600, 1.2690, 1.2800, 1.2855, 1.2900, 1.3000, 1.3100, 1.3210, 1.3300

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.