empty
17.05.2023 12:15 AM
Technical analysis of GBP/USD for May 15, 2023

This image is no longer relevant

Overview :

The GBP/USD pair traded higher and closed the day in the positive territory near the price of 1.2466. Right now, it was trading in a narrow range of 1.2466 staying close to a 3-days high. On the hourly chart, the GBP/USD pair is still trading above the MA (100) H1 moving average line (1.2461 - weekly pivot point). The situation is similar on the 4-hour chart. Based on the foregoing, it is probably worth sticking to the north direction in trading, and as long as the GBP/USD pair remains above MA 100 H1, it may be necessary to look for entry points to buy for the formation of a correction.

All elements being clearly bullish, it would be possible for traders to trade only long positions on the GBP/USD pair as long as the price remains well above the golden ratio of 1.2461. The buyers' bullish objective is set at 1.2583. The price is likely to form a double top in the same time frame. Accordingly, the GBP/USD pair is showing signs of strength following a breakout of the highest level of 1.2583. So, buy above the level of 1.2461 with the first target at 1.2583 in order to test the daily resistance 1. The level of 1.2583 is a good place to take profits. Moreover, the RSI is still signaling that the trend is upward as it remains strong above the moving average (100). This suggests that the pair will probably go up in coming hours. A bullish break in this resistance would boost the bullish momentum.

Pound Sterling is currently trading at 1.2466. If the trend reverses from this point, then a possible future share price target could be 1.2400. If the price of Pound Sterling is trading above 1.2583 then possibility of upside targets getting achieved is higher around the level of 1.2783. The basic bullish trend is very strong on the GBP/USD pair, but the short term shows some signs of running out of steam. Nevertheless, a purchase could be considered as long as the price remains above 1.2461.

Crossing the first resistance at 1.2583 would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.2583 as an objective. Crossing it would then enable buyers to target 1.2583. Caution, a return to below 1.2583 would be a sign of a consolidation phase in the short-term basic trend. 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 not called into question, despite technical indicators being indecisive. All elements being clearly bullish market, it would be possible for traders to trade only long positions on the GBP/USD pair as long as the price remains well above the price of 1.2461.

A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.2583. This suggests that the pair will probably go up in coming hours. If the trend is able to break the level of 1.2583 (double top), then the market will call for a strong bullish market towards the objective of 1.2615 this week. It is also should be noted, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable. On the other hand, in case a reversal takes place and the GBP/USD pair breaks through the support level of 1.2432, a further decline to 1.2400 can occur. It would indicate a bearish market.

Summary
Urgency
Analytic
Mourad El Keddani
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

2025 年 8 月 11 日 歐元/美元預測

歐元更加穩固地穩定在1.1632支撐位。它在該點整固的時間越長,上升和下降的概率就會越平衡。

Laurie Bailey 05:01 2025-08-11 UTC+2

2025年8月11日英鎊/美元預測

英鎊目前在近期達到的高點鞏固,位於短期中間增長水平1.3452。如果堅定地突破此水平,將開啟通往另一中間水平1.3525,即7月8日的低點的道路。

Laurie Bailey 05:01 2025-08-11 UTC+2

2025年8月11日澳元/美元匯率預測

澳元已達到日均衡指標線,並開始進行盤整。同時,Marlin振盪指標轉入正區域,亦開始盤整。

Laurie Bailey 05:01 2025-08-11 UTC+2

2025年8月8日至11日黃金(XAU/USD)的交易信號:賣出於3,407美元以下(21 SMA - 7/8 Murray)

黃金目前在約3,388美元上下波動,此前曾嘗試突破3,400美元的心理阻力位,目前正在進行技術性修正。從H4圖表可以看到,黃金在7/8 Murray水準之上難以鞏固,並在此區域以下出現多次技術性修正。

Dimitrios Zappas 17:27 2025-08-08 UTC+2

2025年8月8日至11日比特幣交易信號:在$117,800以下拋售(200 EMA - 21 SMA)

比特幣在達到下降趨勢通道的頂部後正進行技術性修正,顯現出疲憊跡象,因為它無法穩固超過 $117,900。 比特幣預期在接下來的幾小時持續下跌,達到 5/8 Murray 水平的 115,625。

Dimitrios Zappas 17:25 2025-08-08 UTC+2

美元/日元。分析與預測

從技術角度看,目前現貨價格仍處於每週交易範圍內。然而,由於日線圖上的震盪指標仍在正區間,因此確認完全的看跌整合還言之過早。

Irina Yanina 13:58 2025-08-08 UTC+2

2025年8月8日歐元/美元預測

週四,歐元/美元在1.1695的76.4%回撤水平反彈,歸向美元,其後跌破1.1637–1.1645的支撐區。今天,可能繼續下跌至1.1590的50.0%斐波那契水平。

Samir Klishi 11:10 2025-08-08 UTC+2

GBP/USD。8月8日。英國央行的決策對英鎊影響不大

在小時圖上,GBP/USD 貨幣對週四繼續上升,並鞏固於1.3357–1.3371的阻力區和1.3425水平之上。因此,週五可能會朝向下一個回撤水平繼續上升:76.4%的1.3470和61.8%的1.3530。

Samir Klishi 11:02 2025-08-08 UTC+2

GBP/USD:2025年8月8日指標分析

趨勢分析(圖1)。 週五,從1.3440的水平(昨日的日線收盤價),市場可能開始向下移動至1.3378——23.6%的回撤水平(黃色虛線)。

Stefan Doll 10:57 2025-08-08 UTC+2

歐元/美元。2025年8月8日的指標分析

趨勢分析(圖1)。 週五,從 1.1664 水平(昨日的日K線收盤價),市場可能開始向下移動至 1.1626 — 23.6% 回撤位(藍色虛線)。

Stefan Doll 10:25 2025-08-08 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.