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15.07.202405:18 विदेशी मुद्रा विश्लेषण और समीक्षा: Forecast for GBP/USD on July 15, 2024

GBP/USD

On Friday, the British pound reached 1.2989. This is the average value between the March 2022 low and the July 27, 2023 high. This level is subject to modification. A weak but sufficient divergence for a reversal has formed on the intraday chart.

Exchange Rates 15.07.2024 analysis

If the price can consolidate above the new level of 1.2989, the pound could rise to the target range of 1.3124/41. To confirm the reversal, the price needs to accomplish a challenging task – overcome the nearest support level at 1.2847. We await further developments. The Marlin oscillator is declining on the 4-hour chart, but this is only a primary sign of a correction, not a reversal.

Exchange Rates 15.07.2024 analysis

For a primary sign of the reversal, the price must overcome the Kijun-sen support line, which is currently below the target level of 1.2847. However, the slower the price declines, the quicker the Kijun-sen line will approach it, making this task easier.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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