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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateAugust 27, 2018 - 01:48
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.25900, beginning of uptrend is expected.
  • We make sure when the resistance at 1.29550 breaks.
  • If the support at 1.25900 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • While the RSI resistance #2 at 50 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.2935 on 08/22/2018, so more losses to support(s) 1.2725, 1.2625 and minimum to Major Support (1.2590) 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 43.

Supports and Resistances:

  1. 1.1990
  2. 1.2155
  3. 1.2345
  4. 1.2625
  5. 1.2725
  6. 1.2850
  7. 1.2955
  8. 1.3065
  9. 1.3215
  10. 1.3315
  11. 1.3515
  12. 1.3720
  13. 1.3970
  14. 1.4345
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) new Sun, 21 Apr 2024
British Pound / US Dollar (GBPUSD) Sun, 14 Apr 2024
British Pound / US Dollar (GBPUSD) Sat, 6 Apr 2024
British Pound / US Dollar (GBPUSD) Sat, 30 Mar 2024
British Pound / US Dollar (GBPUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on GBPUSD.