GBP/USD

- USD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	GBPUSD
ISIN:

GBP/USD - Daily - Technical analysis published on 04/20/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 1.3208 USD

My targets

1.2757 USD (-0.0286)

1.2493 USD (-0.0550)

My analysis

GBP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.3208 USD. The next support located at 1.2757 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.2493 USD. Below this support, sellers could then target 1.2037 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish 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 Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/USD price is 1.3043 USD. The price registered an increase of +0.22% on the session and was traded between 1.3011 USD and 1.3045 USD over the period. The price is currently at +0.25% from its lowest and -0.02% from its highest.

1.3011

1.3045

1.3043

Here is a more detailed summary of the historical variations registered by GBP/USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GBP/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2037	1.2493	1.2994	1.3043	1.3208	1.3427	1.3620
Change (%)	-7.71%	-4.22%	-0.38%	-	+1.27%	+2.94%	+4.42%
Change	-0.1006	-0.0550	-0.0049	-	+0.0165	+0.0384	+0.0577
Level	Major	Intermediate	Major	-	Major	Minor	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2921	1.2951	1.2982	1.3012	1.3043	1.3073	1.3104
Camarilla	1.2997	1.3003	1.3008	1.3014	1.3020	1.3025	1.3031
Woodie	1.2923	1.2951	1.2984	1.3012	1.3045	1.3073	1.3106
Fibonacci	1.2951	1.2974	1.2988	1.3012	1.3035	1.3049	1.3073

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2800	1.2887	1.2974	1.3061	1.3148	1.3235	1.3322
Camarilla	1.3014	1.3030	1.3046	1.3062	1.3078	1.3094	1.3110
Woodie	1.2801	1.2887	1.2975	1.3061	1.3149	1.3235	1.3323
Fibonacci	1.2887	1.2953	1.2994	1.3061	1.3127	1.3168	1.3235

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2514	1.2757	1.2951	1.3194	1.3388	1.3631	1.3825
Camarilla	1.3025	1.3065	1.3105	1.3145	1.3185	1.3225	1.3265
Woodie	1.2490	1.2745	1.2927	1.3182	1.3364	1.3619	1.3801
Fibonacci	1.2757	1.2924	1.3027	1.3194	1.3361	1.3464	1.3631

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):	41.65
MACD (12,26,9):	-0.0052
Directional Movement:	-5.7413
AROON (14):	-64.2857
DEMA (21):	1.3010
Parabolic SAR (0,02-0,02-0,2):	1.2980
Elder Ray (13):	-0.0034
Super Trend (3,10):	1.3252
Zig ZAG (10):	1.3039
VORTEX (21):	0.9336
Stochastique (14,3,5):	24.14
TEMA (21):	1.3021
Williams %R (14):	-64.43
Chande Momentum Oscillator (20):	-0.0071
Repulse (5,40,3):	0.1530
ROCnROLL:	2
TRIX (15,9):	-0.0620
Courbe Coppock:	1.43

MA7:	1.3045
MA20:	1.3083
MA50:	1.3232
MA100:	1.3342
MAexp7:	1.3042
MAexp20:	1.3084
MAexp50:	1.3195
MAexp100:	1.3319
Price / MA7:	-0.02%
Price / MA20:	-0.31%
Price / MA50:	-1.43%
Price / MA100:	-2.24%
Price / MAexp7:	+0.01%
Price / MAexp20:	-0.31%
Price / MAexp50:	-1.15%
Price / MAexp100:	-2.07%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on GBP/USD. At the time of publication of this analysis, the latest news was as follows:

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

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