Wednesday 25 May 2022

GBP/USD Technical Analysis

By TradeAcumen · May 9, 2022 · Comments Off
GBP/USD ·

Summary Target Level1.2245
Target Period4 hours
Stop Level1.2316 Analysis

Possible bearish price movement towards the support 1.2245 within the next 4 hours.

Supporting IndicatorsDownward sloping Moving Average Resistance Levels(B) 1.2316 4 hours high volatility level
Support Levels(A) 1.2245 4 hours low volatility level

Chart Date Range04-May-20:00 GMT->09-May-06:00 GMT
Data Interval
RSI34 Candles
MA34 Candles

GBP/USD

Risk WarningSite visitors hereby acknowledge that: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

GBP/USD Technical Analysis

Types of Charts and How They Are Constructed by Abe Cofnas

Launching Long Term Position Trading In Forex by Abe Cofnas

Currencies, Commodities and Intermarkets By Abe Cofnas

Currency Pairs – Key Characteristics By Abe Cofnas

Types of Charts and How They Are Constructed by Abe Cofnas

USDCAD Looks Bullish Long-Term! – Elliott wave (video)

Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day

EURUSD : Sell Trade Setup

Elliott Wave View Expecting AUDJPY to Extend Lower

Elliott Wave View: S&P 500 Futures Eyeing New All-Time High