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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.4015 to 1.4240). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.4015)
    • Support on 01/30/2018
    • Resistance on 02/08/2018
    • Resistance on 02/14/2018
    • Support on 02/16/2018
    • Resistance on 02/21/2018
    • Resistance on 02/23/2018
    • Resistance on 02/26/2018
    • Support on 03/29/2018
    • Support on 03/30/2018
    • Support on 04/03/2018
    • Support on 04/04/2018
    • Resistance on 04/23/2018
    • Resistance on 02/19/2021
    • Resistance on 02/26/2021
    • Resistance on 03/03/2021
    • Resistance on 03/04/2021
    • Resistance on 03/12/2021
    • Resistance on 04/20/2021
    • Resistance on 05/07/2021
    • Support on 05/13/2021
    • Resistance on 06/17/2021
  • Ending of entry zone (1.4240)
    • Resistance on 01/24/2018
    • Resistance on 01/25/2018
    • Resistance on 01/26/2018
    • Resistance on 01/31/2018
    • Resistance on 03/26/2018
    • Resistance on 03/27/2018
    • Resistance on 04/12/2018
    • Resistance on 04/13/2018
    • Resistance on 04/19/2018
    • Resistance on 02/24/2021
    • Resistance on 05/21/2021
    • Resistance on 06/01/2021

DateJuly 31, 2021 - 09:40
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1.43450, beginning of downtrend is expected.
  • We make sure when the support at 1.36550 breaks.
  • If the resistance at 1.43450 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.3570 on 07/20/2021, so more gains to resistance(s) 1.4015, 1.4240 and maximum to Major Resistance (1.4345) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 54.

Take Profits:

  1. 1.3730
  2. 1.3655
  3. 1.3480
  4. 1.3200
  5. 1.3005
  6. 1.2695
  7. 1.2250
  8. 1.1960
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) new free Sun, 17 Mar 2024
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