GBP/USD extends the reduction of 1,2170, waiting for his CPI
Aktualisiert
Hello dear traders!
Currently, GBP/USD continues to incur losses for the second consecutive day, trading below the level of 1.2160 in the Asian session on Wednesday. Optimistic economic data from the United States puts pressure on the currency pair.
GBP/USD reversed after rising to the area of 1.2200, where the recent downtrend's resistance level is located, confirming the significance of this resistance level. Meanwhile, the 4-hour chart shows a consolidation of the downward momentum.
On the other hand, the level of 1.2130 is considered an immediate support level. Closing below that level within the 4-hour timeframe could attract more sellers. In that scenario, GBP/USD may find temporary support at 1.2100 (a psychological level) before targeting 1.2050 (the end point of the recent downtrend).
If GBP/USD rises above 1.2200 and confirms that level as support, it could potentially extend its gains towards 1.2250 and 1.2300.
Currently, GBP/USD continues to incur losses for the second consecutive day, trading below the level of 1.2160 in the Asian session on Wednesday. Optimistic economic data from the United States puts pressure on the currency pair.
GBP/USD reversed after rising to the area of 1.2200, where the recent downtrend's resistance level is located, confirming the significance of this resistance level. Meanwhile, the 4-hour chart shows a consolidation of the downward momentum.
On the other hand, the level of 1.2130 is considered an immediate support level. Closing below that level within the 4-hour timeframe could attract more sellers. In that scenario, GBP/USD may find temporary support at 1.2100 (a psychological level) before targeting 1.2050 (the end point of the recent downtrend).
If GBP/USD rises above 1.2200 and confirms that level as support, it could potentially extend its gains towards 1.2250 and 1.2300.
Anmerkung
what do you think?Anmerkung
Trade ist aktiv
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.