empty
 
 
pt
Suporte
Abertura instanânea da conta
Plataforma de negociação
Depósito/Retirada

24.07.202309:30 Forex Analysis & Reviews: Technical analysis of GBP/USD for July 24-29, 2023

Trend analysis

GBP/USD may continue moving up this week, starting from the level of 1.2850 (closing of the last weekly candle) to the upper fractal located at 1.3141 (red dashed line). Upon reaching this price, the pair will go towards the historical resistance level of 1.3200 (blue dashed line).

Exchange Rates 24.07.2023 analysis

Fig. 1 (weekly chart)

Comprehensive analysis:

Indicator analysis - upward

Fibonacci levels - upward

Volumes - upward

Candlestick analysis - upward

Trend analysis - upward

Bollinger bands - upward

Monthly chart - upward

Conclusion: All indicators point to an upward movement in GBP/USD.

Overall conclusion: The pair will have a bullish trend, with no first lower shadow on the weekly white candle (Monday - upward) and no second upper shadow (Friday - upward).

So during the week, pound will rise from 1.2850 (closing of the last weekly candle) to the upper fractal located at 1.3141 (red dashed line), and then move towards the historical resistance level of 1.3200 (blue dashed line).

Alternatively, the quote may climb up from 1.2850 (closing of the last weekly candle) to the upper fractal located at 1.3141 (red dashed line), followed by a dip to the historical resistance level of 1.3035 (blue dashed line).

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Stefan Doll,
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.

Não pode falar agora?
Faça sua pergunta no chat.