empty
 
 
21.11.2022 08:03 PM
GBP/USD above support. What now?

The GBP/USD pair dropped in the short term and now is almost to reach strong downside obstacles. As you already know, the rate dropped only because the Dollar Index has managed to rebound. It was traded at 1.1796 at the time of writing.

Surprisingly or not, the rate dropped even if the UK Retail Sales and the Gfk Consumer Confidence came in better than expected on Friday. On the other hand, the Existing Home Sales came in better than expected while CB Leading Index dropped more than expected.

Tomorrow, the UK Public Sector Net Borrowing is expected at 19.1B while the US Richmond Manufacturing Index could be reported at -9 points.

GBP/USD Strong Drop!

This image is no longer relevant

After failing to take out the 1.1904 - 1.1958 resistance zone, the price dropped and now it stands above the uptrend line and above the 1.1762 support levels. As long as it stays adobe these levels, it could develop a new bullish momentum.

The downtrend line represents a dynamic resistance. An upside breakout or a breakdown could bring new trading opportunities.

GBP/USD Forecast!

The GBP/USD pair could extend its sell-off if it makes a valid breakdown below 1.1762 and through the uptrend line. The first downside target is represented by 1.1645.

Staying above the uptrend line and making a valid breakout through the downtrend line and above 1.1958 brings new longs.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $8000 lebih banyak!
    Pada Maret kami mengundi $8000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback