Para traders

Analytical Reviews

Trend line

29.07.202116:23 Forex Analysis & Reviews: Trading Signal for GBP/USD for July 29 - 30, 2021: Sell below 1.3977

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

The GBP / USD pair, on 4-hour charts, is trading within the uptrend channel, after having consolidated above the 200 EMA. It now has the potential to rise to the 6/8 murray zone around 1.4038.

The Fed reaffirmed market expectations to maintain its ultra-flexible monetary policy stance for a longer period, also saying it is waiting for more data before it could start tapering its bond buying. This is undoubtedly bearish for the US dollar and could give the British pound a bullish momentum in the short term.

The US dollar index has reversed its trend. Now it us trading under downward pressure. This will give us the opportunity to buy the GBP / USD pair. Every time the British pound makes a technical correction or a rebound in support areas, it will be a good opportunity to continue with short positions.

According to the 4-hour chart, the British pound has immediate resistance at 1.3977 and the top of the bullish channel. It is also zone of the 5/8 murray. A pullback towards this level will be a good selling opportunity.

We expect a correction and a technical rebound in the 4/8 murray support zone around 1.3916. This is a key level as it has acted as strong resistance on previous occasions. Now we can take advantage of this level to buy with targets at 1.4038.

The technical reading of the eagle indicator is showing an overbought signal. The moving average is at the 95 level which represents an imminent correction in the short term.

Support and Resistance Levels for July 29 - 30, 2021

Resistance (3) 1.4118

Resistance (2) 1.4037

Resistance (1) 1.3990

----------------------------

Support (1) 1.3950

Support (2) 1.3922

Support (3) 1.3881

***********************************************************

Trading tip for GBP/USD for July 29 - 30, 2021

Sell below 1.3977 (5/8), with take profit at 1.3916 (4/8), stop loss above 1.4010.

Buy if rebound at 1.3916 (4/8), with take profit at 1.3970 and 1.4038 (6/8), stop loss below 1.3875.

Volver a la lista

Abra una cuenta de operaciones

¡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.