empty
 
 
07.06.2022 07:04 PM
June 7, 2022 : GBP/USD Intraday technical analysis and significant key-levels.

This image is no longer relevant

The short-term outlook turned bearish when the market went below 1.3600. This enhanced the bearish side of the market initially towards 1.3400 then 1.3200 which initiated a strong bullish movement towards 1.3600 for another re-test.

The recent bullish pullback towards 1.3600 should have been considered for SELL trades as it corresponded to the upper limit of the ongoing bearish channel.

Shortly after, Bearish persistence below 1.3360 enabled bearish continuation towards 1.2980 - 1.3000.

The price level of 1.3000 stood as intraday Support where a short-term sideway movement could be established . This happened before two successive bearish dips could take place towards 1.2550 and 1.2200.

Considerable bullish rejection was expressed around 1.2200. Hence, bullish breakout above 1.2550 was needed to abolish the short-term bearish scenario for sometime.

Quick bullish advancement was executed towards 1.2650 where some bearish resistance was encountered as expected

The GBP/USD pair remains under bearish pressure to challenge the new low around 1.2150 again. Hence, any bearish reversal signs around 1.2650 should be considered for SELLING the pair.

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 $1000 más!
    ¡En Octubre, sorteamos $1000 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