empty
 
 
17.03.2023 03:51 PM
Trading Signal for GBP/USD for March 17 - 20, 2023: sell below 1.2147 (200 EMA - exhaustion)

This image is no longer relevant

Early in the American session, the British pound (GBP/USD) is trading around 1.2131 and inside a downtrend channel formed since March 10. The latest Japanese candle shows that a trend change could occur in the next few hours if the pair trades below 1.2147 which represents a strong top.

In case GBP/USD falls below the 21 SMA located at 1.2116, we could expect a bearish acceleration and the pair could find support at 1.2085 and at the 200 EMA located at 1.2068.

The pound tried to break the strong resistance at 1.2207 (4/8 Murray) and failed. Since then, it has made a technical correction and is now showing signs of exhaustion.

The markets believe that there is a 90% probability that the Fed will raise the interest rate by 0.25% at the monetary policy meeting next week. Therefore, risk aversion should continue to support the dollar. Therefore, we could expect a fall in the British pound in the coming days.

Therefore, in case the British pound approaches the 1.2147 zone and fails to break it, it will be seen as a signal to sell with targets at 1.2068. The eagle indicator is in the overbought zone, so any technical bounce could be seen as an opportunity to sell below 4/8 Murray (1.2207).

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 $5000 lebih banyak!
    Pada November kami mengundi $5000 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