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11.01.201908:37 Форекс анализи и прегледи: Analysis of GBP / USD Divergences for January 11th. Bearish divergence does not allow the pound to grow further

Дългосрочен преглед

4h

Exchange Rates 11.01.2019 analysis

The currency pair GBP / USD on a 4-hour chart made a new turn in favor of the American currency after the formation of the second bearish divergence at the MACD indicator. As a result, the process of falling quotations can be continued on January 11 in the direction of the correction level of 100.0% - 1.2662. There are no maturing divergences on the current chart. Fixing the pair above the Fibo level of 76.4% will work in favor of the British currency and the resumption of growth in the direction of the correction level of 61.8% - 1.2905.

The Fibo grid was built on extremes from August 15, 2018, and September 20, 2018.

1h

Exchange Rates 11.01.2019 analysis

On the hourly chart, quotes made another rebound from the correction level of 76.4% - 1.2725 with a reversal in favor of the pound sterling and resumed growth in the direction of 100.0% - 1.2815. Today, a bearish divergence is brewing at the CCI indicator. The education will allow us to expect a reversal in favor of the US currency and a return to the Fibo level of 76.4%. A close below the level of 76.4% will increase the probability of a further fall in the direction of the next correctional level of 61.8% - 1.2669.

The Fibo grid is built on extremes from December 31, 2018, and January 3, 2019.

Recommendations to traders:

Purchases of the GBP / USD currency pair can be carried out now with a target of 1.2815 and a Stop Loss order below the level of 76.4% since the pair completed the rebound from the level of 1.2725 (hourly chart) and hold the purchases until a bearish divergence is formed.

Sales of the GBP / USD currency pair can be carried out with a target of 1.2669 and a Stop Loss order above the level of 76.4% if the pair closes below the level of 1.2725 (hourly chart).

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