GBP/USD Price Analysis: Stills bearish on buyers failure at 1.2220 – by christianborjon GBPUSD Majors Technical Analysis SupportResistance PivotPoints
closing higher on Friday. In the FX space, the GBP/USD is trading at 1.2170, 0.05% down, during the North American session.The GBP/USD is still neutral-to-downward biased, trapped within the 50 and 20-day EMAs, as depicted by the daily chart. Worth noting that earlier in the European session, GBP/USD buyers broke above the 50-day EMA but could not hold the fort, and the pound tumbled towards and hit its daily low at 1.2062 before rebounding towards current price levels.
If GBP/USD buyers want to regain control, they must reclaim 1.2300; otherwise, sellers remain in charge.In the near term, the GBP/USD is neutral-upwards biased. Since July 14, after reaching a daily low at 1.1759, the major began trending higher, within a 200-pip width ascending channel, which put a lid on Friday’s rally around 1.2245, right at the top of the channel. Even though the GBP/USD plunged towards 1.
Therefore, the GBP/USD first resistance would be the R1 daily pivot at 1.2210. Break above will expose the top-trendline of the ascending channel around 1.2245, followed by the 1.2300 figure. On the flip side, if the GBP/USD falls below the ascending channel mid-line around 1.2150, it will send the pair sliding towards the bottom-trendline of the channel at around 1.2050-60.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPYThe US Dollar is holding near support after yesterday’s 75bp rate hike from the FOMC. This morning brought a GDP print to the tune of -0.9% for Q2, after a -1.6% in Q1. Tomorrow brings PCE data and Consumer Sentiment.
Leer más »
USD/INR Price Analysis: Indian rupee buyers need validation from 79.70USD/INR Price Analysis: Indian rupee buyers need validation from 79.70 – by anilpanchal7 USDINR Technical Analysis SwingTrading ChartPatterns SupportResistance
Leer más »
GBP/USD now looks to 1.2240 – UOBFurther upside could now see GBP/USD advancing to the 1.2240 region in the near term, suggest FX Strategists at UOB Group Lee Sue Ann and Quek Ser Lea
Leer más »
EUR/USD Forex Signal: Another Drop to Parity Highly LikelyThe EUR/USD price rose sharply after the hawkish interest rate decision by the Federal Reserve.
Leer más »
Silver Price Analysis: XAG/USD bulls looking to seize control near multi-week highSilver Price Analysis: XAG/USD bulls looking to seize control near multi-week high – by hareshmenghani Silver Commodities Technical Analysis XAGUSD
Leer más »
GBP/USD Forecast: Pound Pulls Back As Recession LoomsThe British pound has pulled back a bit during the training session as the US dollar has picked up a bit of strength.
Leer más »