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01.09.202309:55 Analisis Forex & Kajian: Indicator analysis: Daily review of GBP/USD on September 1, 2023

Trend analysis (Fig. 1).

The GBP/USD currency pair may move downward from the level of 1.2669 (closing of yesterday's daily candle) to the target at 1.2643, the 38.2% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.2702, the 61.8% pullback level (red dotted line).

Exchange Rates 01.09.2023 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis - down;
  • Fibonacci levels - down;
  • Volumes - down;
  • Candlestick analysis - down;
  • Trend analysis - down;
  • Bollinger bands - down;
  • Weekly chart - down.

General conclusion:

Today, the price may move downward from the level of 1.2669 (closing of yesterday's daily candle) to the target at 1.2643, the 38.2% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.2702, the 61.8% pullback level (red dotted line).

Alternatively, the price may move downward from the level of 1.2669 (closing of yesterday's daily candle) to the target at 1.2606, the 23.6% pullback level (red dotted line). Upon reaching this level, an upward movement is possible to 1.2702, the 61.8% pullback level (red dotted line).

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

Stefan Doll,
Analytical expert of InstaSpot
© 2007-2025
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