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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateApril 30, 2022 - 12:40
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.29757, resumption of downtrend is expected.
  • We make sure when the support at 1.24000 breaks.
  • If the resistance at 1.29757 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.30900 on 04/21/2022, so more losses to support(s) 1.25430 and minimum to Major Support (1.24000) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 29.

Supports and Resistances:

  1. 1.48250
  2. 1.45650
  3. 1.37937
  4. 1.36391
  5. 1.34270
  6. 1.33050
  7. 1.31830
  8. 1.28170
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) Sat, 23 Mar 2024
British Pound / US Dollar (GBPUSD) free Sun, 17 Mar 2024
British Pound / US Dollar (GBPUSD) free Sat, 9 Mar 2024
British Pound / US Dollar (GBPUSD) Sat, 2 Mar 2024
British Pound / US Dollar (GBPUSD) free Sun, 25 Feb 2024