Londinia Opportunities Analyses - 12/05/2022 (GMT) GBP/USD - 1H

- USD (-)

- Real time data - Forex

Type:	Forex
Ticker:	GBPUSD
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.2258 USD

My targets

1.2429 USD (+0.0112)

1.2575 USD (+0.0258)

My analysis

The bullish trend is currently very strong on GBP/USD. As long as the price remains above the support at 1.2258 USD, you could try to benefit from the boom. The first bullish objective is located at 1.2429 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2575 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The GBP/USD rating is 1.2317 USD. On the day, this instrument gained +0.17% and was traded between 1.2287 USD and 1.2320 USD over the period. The price is currently at +0.24% from its lowest and -0.02% from its highest.

1.2287

1.2320

1.2317

A study of price movements over other periods shows the following variations:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/USD indicates that the overall trend is strongly bullish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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 these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2154	1.2258	1.2311	1.2317	1.2727	1.3007	1.3208
Change (%)	-1.32%	-0.48%	-0.05%	-	+3.33%	+5.60%	+7.23%
Change	-0.0163	-0.0059	-0.0006	-	+0.0410	+0.0690	+0.0891
Level	Minor	Intermediate	Intermediate	-	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
Standard	1.2250	1.2259	1.2278	1.2287	1.2306	1.2315	1.2334
Camarilla	1.2288	1.2291	1.2293	1.2296	1.2299	1.2301	1.2304
Woodie	1.2254	1.2262	1.2282	1.2290	1.2310	1.2318	1.2338
Fibonacci	1.2259	1.2270	1.2277	1.2287	1.2298	1.2305	1.2315

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.1607	1.1753	1.2018	1.2164	1.2429	1.2575	1.2840
Camarilla	1.2169	1.2207	1.2244	1.2282	1.2320	1.2357	1.2395
Woodie	1.1666	1.1783	1.2077	1.2194	1.2488	1.2605	1.2899
Fibonacci	1.1753	1.1910	1.2007	1.2164	1.2321	1.2418	1.2575

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.0425	1.0786	1.1431	1.1792	1.2437	1.2798	1.3443
Camarilla	1.1798	1.1891	1.1983	1.2075	1.2167	1.2259	1.2352
Woodie	1.0566	1.0857	1.1572	1.1863	1.2578	1.2869	1.3584
Fibonacci	1.0786	1.1171	1.1408	1.1792	1.2177	1.2414	1.2798

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):	59.96
MACD (12,26,9):	0.0020
Directional Movement:	6.2184
AROON (14):	85.7142
DEMA (21):	1.2298
Parabolic SAR (0,02-0,02-0,2):	1.2190
Elder Ray (13):	0.0018
Super Trend (3,10):	1.2322
Zig ZAG (10):	1.2298
VORTEX (21):	1.0913
Stochastique (14,3,5):	96.06
TEMA (21):	1.2291
Williams %R (14):	-2.94
Chande Momentum Oscillator (20):	0.0087
Repulse (5,40,3):	0.1563
ROCnROLL:	1
TRIX (15,9):	0.0224
Courbe Coppock:	0.52

MA7:	1.2160
MA20:	1.1965
MA50:	1.1569
MA100:	1.1664
MAexp7:	1.2288
MAexp20:	1.2270
MAexp50:	1.2219
MAexp100:	1.2153
Price / MA7:	+1.29%
Price / MA20:	+2.94%
Price / MA50:	+6.47%
Price / MA100:	+5.60%
Price / MAexp7:	+0.24%
Price / MAexp20:	+0.38%
Price / MAexp50:	+0.80%
Price / MAexp100:	+1.35%

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: