empty
 
 
12.04.2023 08:36 AM
GBPUSD, H4 | Break above the ascending trendline?

This image is no longer relevant

The GBP/USD currency pair is currently showing a bearish momentum on the chart, as the price has broken below an ascending support line. This suggests a potential bearish move, and if the downtrend continues, it may prompt a bearish reaction at the first resistance level, leading to a drop to the first support level.

At 1.2349, the first support level is an overlap support level, which has acted as a support level in the past and may serve the same function again in the future. Similarly, the second support level at 1.2274 is also an overlap support level, which could potentially act as a support level if the price keeps falling.

In contrast, the first resistance level at 1.2439 is an overlap resistance level, coinciding with the 50% Fibonacci retracement level. If the price rises and reaches this level, it could face resistance and begin to decline towards the support levels.

Lastly, the second resistance level at 1.2526 is a multi-swing high resistance level, indicating its history of functioning as a resistance level and potential to do so again in the future.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback