GBP/USD currency pair analysis

The GBP/USD pair forms a bearish continuation flag pattern, therefore, the price breaking the 1.2260 support will have a significant impact on the price movement and will lead to the continuation of the bearish path, and the target will be the lower line of the descending price channel that appears on the chart, in which …

The GBP/USD pair forms a bearish continuation flag pattern, therefore, the price breaking the 1.2260 support will have a significant impact on the price movement and will lead to the continuation of the bearish path, and the target will be the lower line of the descending price channel that appears on the chart, in which the price has been moving for three weeks.

You should pay attention to any attempt by the price to rebound upwards, and breaching the resistance level 1.2490 may form the beginning of an upward movement.

The expected trading range for today is between support 1.2240 and resistance 1.2400.

Support: 1.2270—1.2240—1.2200.

Resistance: 1.2330—1.2370—1.2450.

The forecast general trend for today: bearish.

Related Posts

Leave A Reply

Your email address will not be published. Required fields are marked *

Invest in financial securities, derivatives, currencies, commodities, shares, bunds at low transaction cost.

Investment
Trading Specifications

Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FLIPFOREX brand based on the legal requirements in his/her country of residence.

Regulation: Flipforex Ltd is registered in Seychelles with registration number: 8416779-2, is regulated by the Financial Services Authority of Seychelles with License number: SD518.

Flipforex Ltd is a limited company registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission with License No. 362/18.

-

© 2022 - All Rights Reserved.