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 01/22/2020 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 1.2890 USD

My targets

1.3317 USD (+0.0176)

1.3473 USD (+0.0332)

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 1.2890 USD. The next resistance located at 1.3317 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 1.3473 USD. After this resistance, buyers could then target 1.3800 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 not called into question, despite technical indicators being indecisive.

FORCE

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 Edd8011. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/USD rating 1.3141 USD. The price has increased by +0.74% since the last closing and was between 1.3035 USD and 1.3153 USD. This implies that the price is at +0.81% from its lowest and at -0.09% from its highest.

1.3035

1.3153

1.3141

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

Bullish opening

Type : Bullish

Timeframe : Openning

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 Daily 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near support of channel

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2493	1.2743	1.2890	1.3141	1.3317	1.3473	1.3800
Change (%)	-4.93%	-3.03%	-1.91%	-	+1.34%	+2.53%	+5.01%
Change	-0.0648	-0.0398	-0.0251	-	+0.0176	+0.0332	+0.0659
Level	Intermediate	Intermediate	Intermediate	-	Major	Intermediate	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	1.2910	1.2952	1.2999	1.3041	1.3088	1.3130	1.3177
Camarilla	1.3021	1.3029	1.3037	1.3045	1.3053	1.3061	1.3070
Woodie	1.2912	1.2953	1.3001	1.3042	1.3090	1.3131	1.3179
Fibonacci	1.2952	1.2986	1.3007	1.3041	1.3075	1.3096	1.3130

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2772	1.2863	1.2937	1.3028	1.3102	1.3193	1.3267
Camarilla	1.2966	1.2981	1.2996	1.3011	1.3026	1.3041	1.3056
Woodie	1.2764	1.2859	1.2929	1.3024	1.3094	1.3189	1.3259
Fibonacci	1.2863	1.2926	1.2965	1.3028	1.3091	1.3130	1.3193

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2314	1.2605	1.2933	1.3224	1.3552	1.3843	1.4171
Camarilla	1.3091	1.3148	1.3204	1.3261	1.3318	1.3375	1.3431
Woodie	1.2333	1.2614	1.2952	1.3233	1.3571	1.3852	1.4190
Fibonacci	1.2605	1.2842	1.2988	1.3224	1.3461	1.3607	1.3843

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.71
MACD (12,26,9):	-0.0001
Directional Movement:	7.9482
AROON (14):	-57.1429
DEMA (21):	1.3073
Parabolic SAR (0,02-0,02-0,2):	1.3207
Elder Ray (13):	0.0028
Super Trend (3,10):	1.3265
Zig ZAG (10):	1.3141
VORTEX (21):	1.0441
Stochastique (14,3,5):	39.41
TEMA (21):	1.3042
Williams %R (14):	-26.36
Chande Momentum Oscillator (20):	-0.0027
Repulse (5,40,3):	1.1404
ROCnROLL:	1
TRIX (15,9):	0.0011
Courbe Coppock:	1.22

MA7:	1.3048
MA20:	1.3089
MA50:	1.3052
MA100:	1.2825
MAexp7:	1.3063
MAexp20:	1.3069
MAexp50:	1.3014
MAexp100:	1.2893
Price / MA7:	+0.71%
Price / MA20:	+0.40%
Price / MA50:	+0.68%
Price / MA100:	+2.46%
Price / MAexp7:	+0.59%
Price / MAexp20:	+0.54%
Price / MAexp50:	+0.97%
Price / MAexp100:	+1.92%

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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