empty
 
 
Stai per lasciare
www.instaforex.eu >
il sito gestito da
INSTANT TRADING EU LTD
Apri un conto

30.01.202322:03 Forex Analysis & Reviews: Technical analysis of GBP/USD for January 30, 2023

Queste informazioni sono fornite ai clienti al dettaglio e professionisti come parte della comunicazione di marketing. Non contiene e non deve essere interpretata come contenente consigli di investimento o raccomandazioni di investimento o un'offerta o una sollecitazione a impegnarsi in qualsiasi transazione o strategia in strumenti finanziari. Le performance passate non sono una garanzia o una previsione delle performance future. Instant Trading EU Ltd. non rilascia alcuna dichiarazione e non si assume alcuna responsabilità in merito all'accuratezza o completezza delle informazioni fornite, o qualsiasi perdita derivante da qualsiasi investimento basato su analisi, previsioni o altre informazioni fornite da un dipendente della Società o altri. Il disclaimer completo è disponibile qui.

Exchange Rates 30.01.2023 analysis

Overview:

The GBP/USD pair broke resistance which turned to strong support at the level of 1.2302 yesterday. The level of 1.2302 coincides with a golden ratio (61.8% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 35. The RSI is still signaling that the trend is upward as it is still strong above the moving average (100).

This suggests the pair will probably go up in coming hours. This support has been rejected for three times confirming uptrend veracity. Hence, major support is seen at the level of 1.2302 because the trend is still showing strength above it.

The Relative Strength Index (RSI) is considered oversold because it is above 35. At the same time, the RSI is still signaling an upward trend, as the trend is still showing strong above the moving average (100), this suggests the pair will probably go up in coming hours. Accordingly, the market is likely to show signs of a bullish trend. In other words, buy orders are recommended above 1.2302 with the first target at the level of 1.2358.

From this point, the pair is likely to begin an ascending movement to the point of 1.2358 and further to the level of 1.2435.

The level of 1.2435 will act as strong resistance and the double top is already set at the point of 1.2435.

On the other hand, if a breakout happens at the support level of 1.2302, then this scenario may become invalidated.

Conclusion :

We should see the pair climbing towards the next target of 1.2435. The pair will move upwards continuing the development of the bullish trend to the level 1.2435 and 1.2500 in coming days. On the other hand, in case a reversal takes place and the GBP/USD pair breaks through the support level of 1.2302, a further decline to 1.2260 can occur. It would indicate a bearish market.

Eseguito da Mourad El Keddani
Esperto analista di InstaForex
© 2007-2024

Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.




Stai per lasciare www.instaforex.eu, il sito Web gestito da INSTANT TRADING EU LTD
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.

Turn "Do Not Track" off