empty
 
 
in
सहायता
तुरंत खाता खोलना
ट्रेडिंग प्लेटफॉर्म
जमा/ निकासी

11.02.202111:02 विदेशी मुद्रा विश्लेषण और समीक्षा: GBP/USD Hot Forecast for 11 February, 2021

Exchange Rates 11.02.2021 analysis

The British pound sterling continues to rise higher, marking a new high of 1.3866 intraday. But price action is pulling back after testing this level. The Stochastics oscillator is firmly in the overbought levels supporting the bias.

For the moment, the downside remains limited until we see a lower high formation by breaking below 1.3820. Given the current pace of gains, the GBPUSD is seen testing the support area of 1.3820.

If sterling fails to close below previous low / support, it might trade within 34-month 1.3866-1.3820.

From a theoretical perspective, GBP/USD exchange rate continues to follow the rising wedge pattern. It is likely that the currency pair could break the pattern on the hourly chart. On the downside, pound could reach the untested support level near 1.3750 will be the likely downside target in case of a correction.

GBP/USD now has potential to push towards 1.40 within a higher 1.3750-1.40 range near-term

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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.

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.