Main Quotes Calendar Forum
flag

FX.co ★ Technical Analysis of Daily Price Movement of GBP/USD Main Currency Pairs, Thursday February 16 2023.

parent
Forex Analysis:::2023-02-16T09:08:05

Technical Analysis of Daily Price Movement of GBP/USD Main Currency Pairs, Thursday February 16 2023.

Technical Analysis of Daily Price Movement of GBP/USD Main Currency Pairs, Thursday February 16 2023.

From the daily chart, main currency pairs of GBP/USD can be seen that after the appearance of the Double Top around the 1.2447 level, Cable experienced a depreciation where this has also been confirmed by the emergence of a deviation between the Double Top pattern and the MACD indicator which also happens to have a negative crossing so that in the next few days it seems that GBP / USD will try to penetrate below the 1.1840 level while on its way to breaking below that level. If there is a upward correction but does not break above the 1.2262 level, it can be considered that the Bearish movement is still continuing and the 1.1647-1.1566 area level will be the main target to be tested and the 1.1333 level will be the second target to be addressed .

(Disclaimer)

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...