GBP/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPUSD
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GBP/USD - Weekly - Technical analysis published on 05/01/2021 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

33%

39%

28%

My opinion

Bullish above 1.3473 USD

My targets

1.4340 USD (+0.0522)

1.7156 USD (+0.3338)

My analysis

The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.3473 USD, you could try to benefit from the boom. The first bullish objective is located at 1.4340 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.7156 USD as an objective. Crossing it would then enable buyers to target 1.9424 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

5.9

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 m_showlag. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/USD rating 1.3818 USD. The price is lower by -0.45% over the 5 days with the lowest point at 1.3802 USD and the highest point at 1.3977 USD. The deviation from the price is +0.12% for the low point and -1.14% for the high point.

1.3802

1.3977

1.3818

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

Technical

A technical analysis in Weekly of this GBP/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Weekly

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2493	1.3473	1.3800	1.3818	1.4340	1.7156	1.9424
Change (%)	-9.59%	-2.50%	-0.13%	-	+3.78%	+24.16%	+40.57%
Change	-0.1325	-0.0345	-0.0018	-	+0.0522	+0.3338	+0.5606
Level	Intermediate	Major	Intermediate	-	Intermediate	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3603	1.3703	1.3760	1.3860	1.3917	1.4017	1.4074
Camarilla	1.3775	1.3789	1.3804	1.3818	1.3832	1.3847	1.3861
Woodie	1.3583	1.3692	1.3740	1.3849	1.3897	1.4006	1.4054
Fibonacci	1.3703	1.3763	1.3800	1.3860	1.3920	1.3957	1.4017

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3591	1.3701	1.3790	1.3900	1.3989	1.4099	1.4188
Camarilla	1.3825	1.3844	1.3862	1.3880	1.3898	1.3917	1.3935
Woodie	1.3582	1.3696	1.3781	1.3895	1.3980	1.4094	1.4179
Fibonacci	1.3701	1.3777	1.3824	1.3900	1.3976	1.4023	1.4099

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3285	1.3477	1.3632	1.3824	1.3979	1.4171	1.4326
Camarilla	1.3691	1.3722	1.3754	1.3786	1.3818	1.3850	1.3881
Woodie	1.3266	1.3468	1.3613	1.3815	1.3960	1.4162	1.4307
Fibonacci	1.3477	1.3610	1.3692	1.3824	1.3957	1.4039	1.4171

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):	57.95
MACD (12,26,9):	0.0167
Directional Movement:	11.2684
AROON (14):	35.7143
DEMA (21):	1.3948
Parabolic SAR (0,02-0,02-0,2):	1.4166
Elder Ray (13):	0.0103
Super Trend (3,10):	1.3315
Zig ZAG (10):	1.3818
VORTEX (21):	1.0926
Stochastique (14,3,5):	45.65
TEMA (21):	1.3936
Williams %R (14):	-62.72
Chande Momentum Oscillator (20):	0.0081
Repulse (5,40,3):	-0.6325
ROCnROLL:	1
TRIX (15,9):	0.2247
Courbe Coppock:	3.10

MA7:	1.3891
MA20:	1.3847
MA50:	1.3873
MA100:	1.3757
MAexp7:	1.3826
MAexp20:	1.3706
MAexp50:	1.3384
MAexp100:	1.3173
Price / MA7:	-0.53%
Price / MA20:	-0.21%
Price / MA50:	-0.40%
Price / MA100:	+0.44%
Price / MAexp7:	-0.06%
Price / MAexp20:	+0.82%
Price / MAexp50:	+3.24%
Price / MAexp100:	+4.90%

Quotes : - Real time data - Forex

News

The last news published on GBP/USD at the time of the generation of this analysis was as follows:

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

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