empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

05.04.202308:42 Forex Analysis & Reviews: Technical Analysis of GBP/USD for April 5, 2023

Technical Market Outlook:

The GBP/USD pair has made another higher high at the level of 1.2524 as the up trend continues. The intraday technical support is seen at the level of 1.2422. Nevertheless, the last push to the new swing highs had produced a Pin Bar candlestick pattern on the H4 time frame chart as the market conditions on this time frame are now extremely overbought. Pull-back target is seen at the level of 1.2422 - 1.2394. When the pull-back is completed, the market should resume the uptrend towards new swing highs.

Exchange Rates 05.04.2023 analysis

Weekly Pivot Points:

WR3 - 1.23575

WR2 - 1.23233

WR1 - 1.23029

Weekly Pivot - 1.22891

WS1 - 1.22687

WS2 - 1.22549

WS3 - 1.22207

Trading Outlook:

So far the level of 1.2443 was too strong resistance to break through, so a potential Double Top price pattern is still in play. Moreover, the level of 1.2297 which is 50% Fibonacci retracement level of the last big wave down had been hit, so the bears resumed the down trend. The down trend was confirmed with the level of 1.2089 breakout (50 WMA), so now the potential target for bears is seen at the level of 1.1840 or below.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.