GBP/USD Price Analysis: Approaches towards 1.3000 on symmetrical triangle breaking
06.04.2022, 00:32

GBP/USD Price Analysis: Approaches towards 1.3000 on symmetrical triangle breaking

  • Explode of symmetrical triangle formation on the downside has triggered bears.
  • Momentum oscillator RSI (14) has dropped to a bearish range of 20.00-40.00.
  • A bear cross of 20- and 50-EMAs has sent the asset into bearish territory.

The GBP/USD pair went through an intense sell-off on Tuesday after failing to sustain above the monthly highs at 1.3150. The pair witnessed a sheer downfall, which forced the asset to establish beneath the round level support of 1.3100.

On an hourly scale, GBP/USD has exploded the symmetrical triangle formation on the downside after a failed attempt on the upper boundary of the chart pattern. The upper boundary of the symmetrical triangle is placed from March 25 high at 1.3225 while the lower boundary is marked from March 29 low at 1.3051. Usually, a failed attempt at symmetrical triangle breakout denotes sheer responsive selling and eventually a bearish reversal.

The Relative Strength Index (RSI) (14) has slipped into a bearish range of 20.00-40.00 swiftly, which adds to the downside filters.

A bear cross of 20- and 50-period Exponential Moving Averages (EMA) at 1.3120 has infused fresh blood into the greenback bulls.

Should the asset drop below Tuesday’s low at 1.3067, greenback bulls will get strengthened and the pair may hit the downside to near March 16 low at 1.3036, followed by the psychological support at 1.3000.

On the flip side, overstepping of the 50-EMA at 1.3109 will send the asset towards Tuesday’s high at 1.3167. Breach of the latter will drive the asset towards the round level resistance at 1.3200.

GBP/USD hourly chart

 

 

© 2000-2025. 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