The GBP/USD pair is displaying a lackluster performance in the Asian session. The asset has auctioned in a narrow range of 1.2257-1.2279 and is constantly hovering around Friday’s closing price at 1.2272. On a broader note, the cable is displaying back and forth moves from the past week after a responsive buying action below the psychological support of 1.2000.
On an hourly scale, the asset is forming a Darvas Box in a range of Jun 17 low 1.2173 to June 21 high at 1.2324. The formation of the above-mentioned chart pattern indicates a slippage in the standard deviation, which is followed by a breakout in the same.
The 20- and 50- period Exponential Moving Averages (EMAs) on similar level around 1.2270 are overlapping the cable prices, which strengthen a consolidation ahead.
Also, a (40.00-60.00) range oscillation by the Relative Strength Index (RSI) (14) is advocating a range-bound phase. Although the momentum oscillator is backing a rangebound move, a volatility expansion cannot be ruled out going forward.
An upside break of the Darvas Box at 1.2324, which is the June 21 high will strengthen the cable bulls and will drive the asset towards June 16 high at 1.2407, followed by June 10 high at 1.2518.
On the flip side, the pound bulls could lose their strength if the asset drops below the previous week’s low at 1.2161, which will send the asset towards June 16 low at 1.2041. A breach of the latter will drag the asset towards the psychological support at 1.2000.
© 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.