empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

07.07.202119:59 Forex Analysis & Reviews: July 7, 2021 : GBP/USD Intraday technical analysis and trade recommendations.

Exchange Rates 07.07.2021 analysis

Since March, the GBPUSD pair has been moving sideways within a wide consolidation range extending between 1.3670 up to 1.4250 which acted as a prominent SUPPLY that prevented further bullish advancement.

On the other hand, Bearish breakout below 1.3600 was needed to enhance further bearish decline.

However, the GBPUSD pair has been contained above the demand level of (1.3660) a few times until now.

Recently, Failure to maintain bearish pressure below 1.4000 (61.8% Fibonacci Level) has enhanced another bullish movement for retesting of the price level of 1.4250 where Conservative traders expected much selling pressure and valid SELL Entries.

Quick bearish decline was executed towards 1.3880 then 1.3800 where the GBPU/USD pair found considerable bullish support earlier this month.

Currently, the price level of 1.3800 is being re-visited. This visit should be watched for price action for better trading decisions. Bearish breakout below which will enable more bearish decline towards 1.3670.

On the other hand, the price zone of 1.4060-1.4100 now stands as a prominent supply zone to be watched upon any upcoming bullish pullback for bearish rejection and a valid sell entry.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.