GBP/USD howers above 1.23000

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/USD saw overall bearishness last week, with selling pressure dominating due to weaker economic data and market sentiment.

Economic Calendar


Higher volatility should be expected with the upcoming CPI data from the United States and GDP numbers from Great Britain.

GBP/USD hourly chart analysis

A slight bearish move from the 1.25080 price level towards 1.23000 has occurred on the shorter time frame. The current FX price is below the 50-period, 100-period, and 200-period simple moving averages on the shorter time frame.

Hourly Chart

GBP/USD daily candle chart analysis

Recovery from 1.21000 may be considered an inflection point for the FX pair. 1.31000 could be considered a long-term bullish trade target. If bearishness occurs, the price level of 1.21000 could be seen as the first level of support, which may be tested once more.

Daily chart


Traders are long
The majority of traders expect a bullish recovery of the FX pair, driven by positive economic data or improving market conditions. This could lead to buying pressure and a move toward key resistance levels.




Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.