empty
 
 
ms
Sokongan
Pembukaan akaun segera
Platform dagangan
Deposit/Pengeluaran

10.03.202316:13 Analisis Forex & Kajian: GBP/USD at resistance, mixed US NFPs

The GBP/USD pair rallied in the short term and now is trading at 1.2026 level. It has rallied as the DXY turned to the downside in the short term. DXY's correction forced the greenback to depreciate versus its rivals and not only versus the GBP.

Fundamentally, the Pound received a helping hand from the UK Gross Domestic Product which reported a 0.3% growth versus the 0.1% growth expected and after the 0.5% drop in the previous reporting period.

Earlier, the US reported mixed data. The NFP came in at 311K in February versus 224K expected and below 504K in January. Still, unfortunately for the USD, Unemployment Rate increased by from 3.4% to 3.6%, while Average Hourly Earnings rose by 0.2%, less versus the 0.3% growth estimated.

GBP/USD Strong Growth!

Exchange Rates 10.03.2023 analysis

GBP/USD rallied after failing to hit the 1.18 psychological level and after registering only false breakdowns below the Falling Wedge's downside line. Now, it has reached the pattern upside line (resistance) and the weekly pivot point of 1.2040.

The 1.2065 former high and the ascending pitchfork's upper median line (uml) represent upside obstacles and targets as well.

GBP/USD Forecast!

False breakouts above the resistance levels should announce a new sell-off. Still, a valid breakout above 1.2065 and through the upper median line (uml) really activates an upside continuation (reversal) and is seen as a new buying signal.

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
Dapatkan manfaat daripada cadangan penganalisis sekarang
Menambah semula akaun dagangan
Buka akaun dagangan

Kajian analisis InstaSpot akan membuat anda mengetahui sepenuhnya aliran pasaran! Sebagai pelanggan InstaSpot, anda disediakan sejumlah besar perkhidmatan percuma untuk dagangan yang cekap.

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.