Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Overview:
The GBP/USD pair continues to move upwards from the level of 1.3200.
Yesterday, the pair rose from the level of 1.3200 (the level of 1.3200 coincides with a ratio of 61.8% Fibonacci retracement) to a top around 1.3289.
Today, the first support level is seen at 1.3199 followed by 1.3143, while daily resistance 1 is seen at 1.3340.
According to the previous events, the GBP/USD pair is still moving between the levels of 1.3200 and 1.3340; for that we expect a range of 140 pips (1.3340 - 1.3200).
On the one-hour chart, immediate resistance is seen at 0.3299, which coincides with the double top. Currently, the price is moving in a bullish channel.
This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. The price is still above the moving average (100) and (50).
Therefore, if the trend is able to break out through the first resistance level of 1.3299, we should see the pair climbing towards the daily resistance at 1.3340 to test it.
The second resistance has already set at the price of 1.3390.
It would also be wise to consider where to place stop loss; this should be set below the second support of 1.3109.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
