- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- GBP/USD Price Analysis: Retreats towards 1.2450 inside rising wedge, UK Retail Sales eyed
GBP/USD Price Analysis: Retreats towards 1.2450 inside rising wedge, UK Retail Sales eyed
- GBP/USD pares recent gains inside a bearish chart pattern.
- Pullback from resistance, RSI conditions hint at further weakness.
- Bears need validation from 200-HMA to retake control.
- UK Retail Sales hints at a contraction in April.
GBP/USD struggles to keep Thursday’s stellar gains inside a rising wedge bearish formation, despite staying on the way to post the first weekly gains in five. That said, the cable pair eases to 1.2475 while stepping back from the wedge’s upper line during the early Friday morning in Asia.
As overbought RSI conditions backed the GBP/USD pair’s latest pullback inside the wedge, further weakness in prices can’t be ruled out.
However, the 61.8% Fibonacci retracement (Fibo.) of May 04-13 downside, near 1.2450, seems to restrict the pair’s immediate declines.
It should be noted, though, that the GBP/USD weakness past 1.2450 will aim for the 1.2400 threshold before directing bears towards the stated bearish chart pattern’s support line around 1.2365.
Although a clear break of the 1.2365 will confirm the bearish formation, theoretically directing the quote towards 1.2100, sustained trading beneath the 200-HMA level of 1.2325 becomes necessary to confirm the south-run.
Meanwhile, recovery moves remain elusive until staying below the stated wedge’s resistance line, around 1.2530.
Following that, 1.2580 and the monthly high close to 1.2640 could lure the GBP/USD bulls.
GBP/USD: Hourly chart
Trend: Pullback expected
© 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.
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.
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
