empty
 
 
02.01.2024 09:01 AM
Technical analysis of GBP/USD for January 2-6

Trend analysis

GBP/USD may move downward this week from 1.2727 (closing price of the last weekly candle) to the 50.0% retracement level of 1.2624 (red dotted line). Upon testing this price, it will turn around and rise to the upper fractal located at 1.2826 (weekly candle from December 24, 2023).

This image is no longer relevant

Fig. 1 (weekly chart)

Comprehensive analysis:

Indicator analysis - downward

Fibonacci levels - downward

Volumes - downward

Candlestick analysis - downward

Trend analysis - upward

Bollinger bands - upward

Monthly chart - downward

Conclusion: The indicators point to a downward movement in GBP/USD.

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

So during the week, pound will fall from 1.2727 (closing price of the last weekly candle) to the 50.0% retracement level of 1.2624 (red dotted line), and then turn around and climb towards the upper fractal located at 1.2826 (weekly candle from December 24, 2023).

Alternatively, it could decline from 1.2727 (closing price of the last weekly candle) to the 13 EMA at 1.2554 (yellow thin line), followed by an upward movement to the upper fractal located at 1.2826 (weekly candle from December 24, 2023).

Summary
Urgency
Analytic
Sergey Belyaev
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback