For Traders

Analytical Reviews

Technical analysis

17.09.202109:19 Forex Analysis & Reviews: Technical Analysis of GBP/USD for September 17, 2021

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Technical Market Outlook

The GBP/USD pair has been rejected for the third time from the supply zone and the Bearish Engulfing candlestick pattern was made at the end of the up move at the level of 1.3912. The bears has pushed the price towards the lower channel line around the level of 1.1780 (the low was made at 1.3763, so they are very close to violate the channel line and test the lower price levels. The intraday technical support is seen at 1.3785 and 1.3745 and it might be tested soon as the momentum barely holds the positive territory.

Weekly Pivot Points:

WR3 - 1.4068

WR2 - 1.3979

WR1 - 1.3915

Weekly Pivot - 1.3815

WS1 - 1.3755

WS2 - 1.3649

WS3 - 1.3586

Trading Outlook:

The weekly time frame chart still shows, that the up trend is still intact and the corrective wave had terminated at the level of 1.3571. Only a sustained violation of the level of 1.3518 would trigger a bigger down move than a regular pull-back. The up trend can be continued towards the next long-term target located at the level of 1.4246 (high from 24.02.2021).

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.