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!
Hi, dear traders!
Last week, the US dollar advanced against all major currencies, including the pound sterling. USD found support in the clearly hawkish position of the Federal Reserve, which concluded its meeting on Wednesday. Jerome Powell's statements about US economic growth were followed by strong US GDP data for the fourth quarter of 2021.
There are several important events on this week's economic calendar - the Bank of England's monetary policy decision on Thursday and US labor market data on Friday. There are no notable data releases today, and the pair's trajectory will be influenced solely by market sentiment and technical factors.Weekly
According to the weekly chart, GBP/USD finished last week's trading below the Ichimoku cloud. This is a strong bearish signal, and if the pair does not close within the cloud this week, it could fall even further. At this point, GBP/USD faces very strong resistance at the lower boundary of the Ichimoku cloud, as well as the black 89-day EMA line near 1.3460 - if the pair retraces towards it, it would allow opening short positions. The quote found support in the orange 200-day EMA line - a breakout below the EMA line would open the way towards 1.3170.
Daily
According to the daily chart, GBP/USD fell into the Ichimoku cloud, breaking through the 50-day SMA line in the process. On Friday, the pair failed to break above the 50 MA - if it does not regain this level and 1.3440, it could continue to slide down towards the lower boundary of the Ichimoku cloud in the strong technical area of 1.3320-1.3300.
Outlook for GBP/USD
The fundamental factors, such as the hawkish Fed policy and strong macroeconomic US data, currently favor the US dollar, but this week's economic events could change the situation. On the technical side, opening short positions is the best course of action - they could be considered after GBP/USD performs a corrective move into the 1.3415-1.3460 area.
Good luck!
*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।
