Condiciones de negociación
Products
Herramientas
The GBP / USD pair, in 4-hour charts, is trading above the 21 SMA, forming a bullish pennant, although it has not yet confirmed the direction it will take.
The GBP / USD pair has strong support in the 1.3670 area, this level coincides with Murray's 0/8, which is expected to continue to support the pair, if this level is broken it is located at 1.3549, as -1 /8 of Murray.
In view of the fact that the US Dollar Index (USDX) is in the oversold zone, a recovery of the US currency is likely, it could push the British pound down, and news from the UK is weakening its currency.
Therefore, for a new bearish cycle, we should expect a breakout and consolidation below 1.3670.
On the other hand, if the GBP / USD pair remains above 1.3740, there is a probability of a bullish move to the 200 EMA located at 1.3844. Which this is a sign that the outlook will remain bearish for the Pound.
Our recommendation is to buy above the 21 SMA on 4-hour charts, if the pair trades below this level, we could sell if it remains below 1.3720.
Support And Resistance Levels For April 13 - 14, 2021
Resistance (1) 1.3784
Resistance (2) 1.3820
Resistance (3) 1.3857
Support (1) 1.3677
Support (2) 1.3609
Support (3) 1.3569
***********************************************************
Trading tip for GBP/USD for April 13 - 14, 2021
Buy above 1.3740 (SMA 21), with take profit at 1.3790 and 1.3844, stop loss below 1.3705.
Sell below 1.3720 (SMA 21), with take profit at 1.3670 (0/8), stop loss above 1.3755.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.