You are here: Home > articles > Forex > Indicator analysis: Daily review of GBP/USD on August 17, 2023
Indicator analysis: Daily review of GBP/USD on August 17, 2023
August 17, 2023 8:29 amVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2727 (closing of yesterday’s daily candle) to 1.2755, the 21-day EMA (black thin line). In the case of testing this level, a continued upward movement is possible to 1.2800, the 61.8% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.2727 (closing of yesterday’s daily candle) to 1.2755, the 21-day EMA (black thin line). In the case of testing this level, a continued upward movement is possible to 1.2800, the 61.8% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.2727 (closing of yesterday’s daily candle) with the target of 1.2755, the 21-day EMA (black thin line). In the case of testing this level, a downward movement is possible to 1.2719, the 76.4% pullback level (blue dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: