empty
 
 
13.07.2020 08:24 AM
Technical Analysis of GBP/USD for July 13, 2020:

Technical Market Outlook:

The GBP/USD pair has bounced from the short-term trend line support located around the level of 1.2566.. The bulls has pushed the price towards the last high located at the level of 1.2668, but so far there is no violation of this level. The momentum remains strong and positive and bulls keep pushing higher. The next target then is seen at the level of 1.2688 and 1.2748. Only a sustained breakout above the level of 1.2786 will allow for the up trend continuation. On the other hand, breakout below the short-term trend line will be seen as a bearish signal.

Weekly Pivot Points:

WR3 - 1.2915

WR2 - 1.2796

WR1 - 1.2712

Weekly Pivot - 1.2585

WS1 - 1.2508

WS2 - 1.2378

WS3 - 1.2304

Trading Recommendations:

On the GBP/USD pair the main trend is down, which can be confirmed by the down candles on the weekly time frame chart. The key long-term technical support has been recently violated (1.1983) and the new one is seen at the level of 1.1404. The key long-term technical resistance is seen at the level of 1.3518. Only if one of these levels is clearly violated, the main trend might reverse (1.3518) or accelerate (1.1404). The market might have done a Double Top pattern at the level of 1.2645, so the price might move even lower in the longer-term.

This image is no longer relevant

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 $8000 más!
    ¡En Marzo, sorteamos $8000 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
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 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