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Trend Analysis
This week, from the level of 1.3355 (the closing price of the last weekly candle), the price may continue to move downward, targeting 1.3141 — the 38.2% retracement level (red dashed line). Upon testing this level, the price may rebound upward toward 1.3270 — the historical support level (light blue dashed line).
Figure 1: Weekly Chart
Comprehensive Analysis
Overall Conclusion
Based on the weekly chart, the GBP/USD pair is most likely to show a downward trend during the week, with no upper shadow on the weekly black (bearish) candle (Monday — down) and the presence of a lower shadow by Friday (Friday — up).
Alternative Scenario
From the level of 1.3355 (closing price of the last weekly candle), the price may continue to move downward toward 1.3044 — a historical support level (light blue dashed line). Upon reaching this level, the price may start moving upward, targeting 1.3141 — the 38.2% retracement level (red dashed line).
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
