empty
 
 
21.08.2019 12:24 PM
Technical analysis of GBP/USD for August 21, 2019

This image is no longer relevant

Overview:

The GBP/USD pair continues to move downwards from the zone of 1.2287.

The GBP/USD pair movement was debatable as it took place in a downside channel for a while.

But, the market showed signs of instability between the levels of 1.2122 and 1.2045.

Amid the previous events, the price is still moving between the levels of 1.2287 and 1.2015.

The daily resistance and support are seen at the levels of 1.2287 and 1.2015 respectively.

It is recommended to be cautious while placing orders in this area. Thus, we should wait until the downside channel has completed.

Since the trend is below the 50% Fibonacci level, the market is still in a downtrend. Overall, we still prefer the bearish scenario.

Trading recommandations:

From this point, we expect the GBP/USD/CHF pair to continue moving in the bearish trend from the resistance level of 1.2287 towards the target level of 1.2015. If the pair succeeds in passing through the level of 1.2015, the market will indicate the bearish opportunity below the level of 1.2015 in order to reach the second target at 1.1898. However, it would also be sage to consider where to place a stop loss; this should be set above the first resistance of 1.2287.

Mourad El Keddani,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $5000 mais!
    Em Novembro nós sorteamos $5000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback