You are here: Home > articles > Forex > Indicator analysis: Daily review of GBP/USD on August 2, 2023
Indicator analysis: Daily review of GBP/USD on August 2, 2023
August 2, 2023 9:26 amVideo
Latest News
- Technical Analysis – USDCAD retreats beneath 20-day SMA April 26, 2024
- Key events on April 26: fundamental analysis for beginners April 26, 2024
- Trading plan for GBP/USD on April 26. Simple tips for beginners April 26, 2024
- Trading plan for EUR/USD on April 26. Simple tips for beginners April 26, 2024
- Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 26 2024. April 26, 2024
- Technical Analysis of Intraday Price Movement of Cardano Cryptocurrency, Friday April 26 2024. April 26, 2024
- Forecast for EUR/USD on April 26, 2024 April 26, 2024
- Forecast for GBP/USD on April 26, 2024 April 26, 2024
- Forecast for AUD/USD on April 26, 2024 April 26, 2024
- The ECB also has reasons to worry April 26, 2024
- The dollar: there would have been no happiness, but misfortune helped April 26, 2024
- Trading Signals for EUR/USD for April 25-27, 2024: buy above 1.0684 (21 SMA – 3/8 Murray) April 25, 2024
- Trading Signals for GOLD (XAU/USD) for April 25-27, 2024: buy above $2,324 (21 SMA – 5/8 Murray) April 25, 2024
- Analysis of GBP/USD on April 25th. The dollar suffered a local defeat to win the war April 25, 2024
- USD/JPY: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- EUR/USD: Simple trading tips for novice traders on April 25th (US session) April 25, 2024
- GBP/USD: trading plan for the US session on April 25th (analysis of morning deals). The pound continued its recovery April 25, 2024
- EUR/USD: trading plan for the US session on April 25th (analysis of morning deals). The dollar is ready for GDP data April 25, 2024
- Euro turns to GDP and inflation data for a lifeline – Preview April 25, 2024
Trend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2772 (closing of yesterday’s daily candle) to 1.2846, the 13-day EMA (yellow thin line). In the case of testing this level, a continued upward movement is possible to 1.2864, the 50.0% pullback level (blue dotted line).
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion:
Today, the price may move upward from the level of 1.2772 (closing of yesterday’s daily candle) to 1.2846, the 13-day EMA (yellow thin line). In the case of testing this level, a continued upward movement is possible to 1.2864, the 50.0% pullback level (blue dotted line).
Alternatively, the price may move upward from the level of 1.2772 (closing of yesterday’s daily candle) to 1.2846, the 13-day EMA (yellow thin line). In the case of testing this level, the price may start moving downward to the 85.4% pullback level (red dotted line).
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: