- Analytics
- Market analysis
- Technical Analysis
- GBP / USD is trading near a ten-week high
GBP / USD is trading near a ten-week high
Today, the GBP / USD pair is trading in the range of $1.3240-1.3300 - about a ten-week high. The pair broke through the $1.3210 resistance, which became the closest support. On the hourly chart, the pair is trading above the moving average line MA (200) H1 ($1.3070) and on the four - hour chart-above MA (200) H4 ($1.2985). Resistance of $1.3320 may keep GBP / USD from further growth. If this level is broken, the pair may rise to $1.3400. On the other hand, a break in the $1.3210 support may push the pair lower to $1.3070-90. But most likely, finding a buy position may be a wise decision for those who want to take advantage of a stronger pound.
⦁ Resistance levels are at: $1.3300-20, $1.3400, $1.3480
⦁ Support levels are at: $1.3210, $1.3070-90, $1.2915
The main scenario for the pair's promotion - breakout of $1.3300-20 (session high, September 4 high), and rise to $1.3400 (September 2 high)
An alternative scenario - breakout of support at $1.3210 (November 9 high) and maybe decline to $1.3070-90 (November 6 low, MA (200) H1)
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
