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As of writing, GBPUSD is trading near the level of 1.2240, in the zone of the medium-term bull market, above support levels 1.2110 (200 EMA on the daily chart), 1.1930 (144 EMA on the daily chart), 1.1875 (200 EMA on the 4-hour chart).
Since the end of September, the GBP/USD has been developing an upward trend, taking advantage of both the weak dollar and the measures taken by the Bank of England to support the British government bond market.
The breakout of the long-term resistance level 1.2250 (50 EMA on the weekly chart), local resistance level 1.2343 (highs since July and December), 1.2500 (upper boundary of the ascending channel on the daily chart) are on the way. The growth targets are the key resistance levels 1.2810 (144 EMA on the weekly chart), 1.2950 (200 EMA on the weekly chart), separating the long-term bull market from the bear market.
An alternative scenario will be associated with a breakdown of the 1.2110 support level and a further decline deep into the descending channel on the weekly chart.
The breakout of support levels 1.1875, 1.1800 (50 EMA on the daily chart) will confirm this scenario.
In the meantime, above support levels 1.2161 (200 EMA on the 1-hour chart), 1.2100, long positions remain preferable.
Support levels: 1.2200, 1.2161, 1.2100, 1.2000, 1.1930, 1.1875, 1.1800
Resistance levels: 1.2250, 1.2300, 1.2343, 1.2400, 1.2500
Trading Tips
Sell Stop 1.2220. Stop-Loss 1.2310. Take-Profit 1.2200, 1.2161, 1.2100, 1.2000, 1.1930, 1.1875, 1.1800, 1.1575, 1.1500, 1.1400, 1.1300, 1.1200, 1.1160, 1.0940
Buy Stop 1.2310. Stop-Loss 1.2220. Take-Profit 1.2343, 1.2400, 1.2500
*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।
