GBP/USD faces strong support around 1.2780 – UOB
21.07.2023, 06:41

GBP/USD faces strong support around 1.2780 – UOB

While extra downside in GBP/USD remains on the cards, there is a strong support around 1.2780 according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group.

Key Quotes

24-hour view: While we expected GBP to weaken further yesterday, we indicated that “severely oversold conditions could limit any further decline to a test of 1.2850.” GBP fell more than expected to 1.2840 before rebounding. The rebound in still oversold conditions suggests GBP is unlikely to weaken much further. Today, GBP is more likely to trade in a range of 1.2835/1.2930. 

Next 1-3 weeks: After GBP dropped sharply on Wednesday, in our update from yesterday (20 Jul, spot at 1.2935), we highlighted that the “decline has room to extend.” However, we indicated that GBP “has to break clearly below 1.2850 before a deeper pullback is likely.” GBP fell to a low of 1.2840 in NY trade, and downward momentum has improved, albeit not much. From here, GBP could drop further, but it is worth noting that there is another solid support at 1.2780. On the upside, a breach of 1.3000 (‘strong resistance’ level was at 1.3100 yesterday) would indicate that GBP is now weakening further. 

© 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