empty
 
 
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

22.04.202216:50 Forex Analysis & Reviews: GBP/USD analysis on 22 April

Exchange Rates 22.04.2022 analysis

Following the sharp decline witnessed in the early European session, GBP/USD managed to recover above 1.2900 but came under renewed bearish pressure in the American trading hours. The pair remains on track to register its lowest weekly close since September 2020.

The Relative Strength Index (RSI) indicator on the four-hour chart fell below 30 early Friday. Although this development suggests that the pair could stage a correction before the next leg lower, buyers are likely to stay on the sidelines until the pair clears 1.2970 (former static support) and 1.3000 (psychological level).

On the downside, 1.2850 (static level from October 2020) aligns as the next bearish target ahead of 1.2800 (psychological level) and 1.2730 (static level from October 2020).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Jan Novotny,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.