GBP/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPUSD
ISIN:

GBP/USD - 1H - Technical analysis published on 05/15/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

56%

My opinion

Bullish above 1.2556 USD

My targets

1.2633 USD (+0.0036)

1.2713 USD (+0.0116)

My analysis

GBP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.2556 USD. The next resistance located at 1.2633 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.2713 USD. After this resistance, buyers could then target 1.2835 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/USD rating 1.2597 USD. The price registered an increase of +0.10% on the session and was traded between 1.2583 USD and 1.2600 USD over the period. The price is currently at +0.11% from its lowest and -0.02% from its highest.

1.2583

1.2600

1.2597

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GBP/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 8 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2541	1.2556	1.2593	1.2597	1.2633	1.2713	1.2835
Change (%)	-0.44%	-0.33%	-0.03%	-	+0.29%	+0.92%	+1.89%
Change	-0.0056	-0.0041	-0.0004	-	+0.0036	+0.0116	+0.0238
Level	Intermediate	Major	Major	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2447	1.2478	1.2531	1.2562	1.2615	1.2646	1.2699
Camarilla	1.2561	1.2569	1.2576	1.2584	1.2592	1.2599	1.2607
Woodie	1.2458	1.2484	1.2542	1.2568	1.2626	1.2652	1.2710
Fibonacci	1.2478	1.2510	1.2530	1.2562	1.2594	1.2614	1.2646

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2301	1.2374	1.2449	1.2522	1.2597	1.2670	1.2745
Camarilla	1.2484	1.2498	1.2511	1.2525	1.2539	1.2552	1.2566
Woodie	1.2303	1.2375	1.2451	1.2523	1.2599	1.2671	1.2747
Fibonacci	1.2374	1.2430	1.2465	1.2522	1.2578	1.2613	1.2670

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.1879	1.2089	1.2289	1.2499	1.2699	1.2909	1.3109
Camarilla	1.2376	1.2414	1.2451	1.2489	1.2527	1.2564	1.2602
Woodie	1.1874	1.2087	1.2284	1.2497	1.2694	1.2907	1.3104
Fibonacci	1.2089	1.2246	1.2342	1.2499	1.2656	1.2752	1.2909

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.70
MACD (12,26,9):	0.0009
Directional Movement:	-3.1449
AROON (14):	71.4286
DEMA (21):	1.2599
Parabolic SAR (0,02-0,02-0,2):	1.2600
Elder Ray (13):	0.0005
Super Trend (3,10):	1.2569
Zig ZAG (10):	1.2595
VORTEX (21):	1.2034
Stochastique (14,3,5):	76.54
TEMA (21):	1.2600
Williams %R (14):	-23.53
Chande Momentum Oscillator (20):	0.0006
Repulse (5,40,3):	0.0311
ROCnROLL:	1
TRIX (15,9):	0.0116
Courbe Coppock:	0.20

MA7:	1.2541
MA20:	1.2504
MA50:	1.2590
MA100:	1.2632
MAexp7:	1.2594
MAexp20:	1.2586
MAexp50:	1.2568
MAexp100:	1.2551
Price / MA7:	+0.45%
Price / MA20:	+0.74%
Price / MA50:	+0.06%
Price / MA100:	-0.28%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.23%
Price / MAexp100:	+0.37%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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