GBP/USD
GBP USD
- USD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPUSD
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GBP/USD - 1H - Technical analysis published on 01/27/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.2333 USD
My targets
1.2448 USD (+0.0031)
1.2600 USD (+0.0183)
My analysis
The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2333 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2448 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2600 USD as an objective. Crossing it would then enable buyers to target 1.2727 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.

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
0
10
8.2

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 forex2000. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/USD rating is 1.2417 USD. The price registered an increase of +0.03% on the session and was traded between 1.2413 USD and 1.2419 USD over the period. The price is currently at +0.03% from its lowest and -0.02% from its highest.

1.2413
1.2419
1.2417

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2212 1.2258 1.2283 1.2417 1.2419 1.2448 1.2727
Change (%) -1.65% -1.28% -1.08% - +0.02% +0.25% +2.50%
Change -0.0205 -0.0159 -0.0134 - +0.0002 +0.0031 +0.0310
Level Minor Intermediate Minor - Intermediate Intermediate Intermediate



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
Standard1.22761.23101.23621.23961.24481.24821.2534
Camarilla1.23891.23971.24051.24131.24211.24291.2437
Woodie1.22841.23151.23701.24011.24561.24871.2542
Fibonacci1.23101.23431.23641.23961.24291.24501.2482


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.19641.20661.22311.23331.24981.26001.2765
Camarilla1.23221.23461.23711.23951.24201.24441.2468
Woodie1.19951.20821.22621.23491.25291.26161.2796
Fibonacci1.20661.21681.22311.23331.24351.24981.2600


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.14411.17171.18951.21711.23491.26251.2803
Camarilla1.19481.19901.20311.20731.21151.21561.2198
Woodie1.13921.16931.18461.21471.23001.26011.2754
Fibonacci1.17171.18901.19981.21711.23441.24521.2625

Numerical data


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

Technical indicators
Moving averages

RSI (14): 61.52
MACD (12,26,9): 0.0009
Directional Movement: 6.2017
AROON (14): -7.1429
DEMA (21): 1.2408
Parabolic SAR (0,02-0,02-0,2): 1.2362
Elder Ray (13): 0.0015
Super Trend (3,10): 1.2357
Zig ZAG (10): 1.2417
VORTEX (21): 1.0406
Stochastique (14,3,5): 88.89
TEMA (21): 1.2409
Williams %R (14): -4.00
Chande Momentum Oscillator (20): 0.0022
Repulse (5,40,3): 0.0870
ROCnROLL: 1
TRIX (15,9): 0.0085
Courbe Coppock: 0.17
MA7: 1.2391
MA20: 1.2230
MA50: 1.2166
MA100: 1.1769
MAexp7: 1.2407
MAexp20: 1.2397
MAexp50: 1.2382
MAexp100: 1.2367
Price / MA7: +0.21%
Price / MA20: +1.53%
Price / MA50: +2.06%
Price / MA100: +5.51%
Price / MAexp7: +0.08%
Price / MAexp20: +0.16%
Price / MAexp50: +0.28%
Price / MAexp100: +0.40%

Quotes : - Real time data - Forex

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

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