GBP/USD Price Analysis: Pierces the 1.3700 figure for the first time since October 2021
12.01.2022, 23:08

GBP/USD Price Analysis: Pierces the 1.3700 figure for the first time since October 2021

  • The GBP/USD rallies amid broad US dollar weakness across the FX board for the fourth consecutive trading day.
  • GBP/USD Technical Outlook: Neutral-bullish biased though GBP bull’s need to reclaim the 200-DMA so that they could aim towards 1.3900.

The British pound extends its rally in the week, advancing for the fourth day in a row as the Asian Pacific session kicks in. The GBP/USD edges up some 0.02% at press time, trading at 1.3705.

GBP/USD Price Forecast: Technical outlook

On Wednesday, the GBP/USD rallied 100-pips fundamentally driven by US inflation hitting the 7.00% threshold the most since 1982, as commented by Joel Frank, an analyst at FX Street, on his article GBP/USD surges towards 1.3700 as dollar dives post-CPI, but now looking overbought.

Putting fundamentals aside, the GBP/USD upward move stalled around the 1.3700 figure, 31 pips short of the 200-day moving average (DMA), which lies at 1.3733, leaving the British pound exposed to downward pressure, unless GBP bulls reclaim the DMA mentioned above.

At the time of writing, the GBP/USD first resistance is the 200-DMA. A breach of the latter would expose October’s 20 of 2021, daily high at 1.3834, followed by September 14 of 2021, daily high at 1.3913.

Conversely, on the downside, the GBP/USD first demand area would be 1.3700. A clear break under the figure could send the pair tumbling towards 1.3600, followed by the 100-DMA at 1.3549 and then the 1.3500 thresholds.

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik