GBP/USD

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- Real time data - Forex

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Type:	Forex
Ticker:	GBPUSD
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GBP/USD - Daily - Technical analysis published on 07/09/2024 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.2534 USD

My targets

1.3128 USD (+0.0328)

1.3705 USD (+0.0905)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/USD as long as the price remains well above 1.2534 USD. The buyers' bullish objective is set at 1.3128 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3705 USD. If there is any crossing, the next objective would be the resistance located at 1.4263 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by lipsyke. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/USD rating is 1.2800 USD. On the day, this instrument lost -0.12% with the lowest point at 1.2793 USD and the highest point at 1.2825 USD. The deviation from the price is +0.05% for the low point and -0.19% for the high point.

1.2793

1.2825

1.2800

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 results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/USD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being 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 positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2055	1.2343	1.2534	1.2800	1.2831	1.3128	1.3705
Change (%)	-5.82%	-3.57%	-2.08%	-	+0.24%	+2.56%	+7.07%
Change	-0.0745	-0.0457	-0.0266	-	+0.0031	+0.0328	+0.0905
Level	Major	Major	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2730	1.2760	1.2787	1.2817	1.2844	1.2874	1.2901
Camarilla	1.2799	1.2805	1.2810	1.2815	1.2820	1.2826	1.2831
Woodie	1.2730	1.2759	1.2787	1.2816	1.2844	1.2873	1.2901
Fibonacci	1.2760	1.2781	1.2795	1.2817	1.2838	1.2852	1.2874

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2478	1.2547	1.2680	1.2749	1.2882	1.2951	1.3084
Camarilla	1.2759	1.2777	1.2796	1.2814	1.2833	1.2851	1.2870
Woodie	1.2511	1.2563	1.2713	1.2765	1.2915	1.2967	1.3117
Fibonacci	1.2547	1.2624	1.2672	1.2749	1.2826	1.2874	1.2951

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2302	1.2457	1.2550	1.2705	1.2798	1.2953	1.3046
Camarilla	1.2575	1.2598	1.2620	1.2643	1.2666	1.2689	1.2711
Woodie	1.2271	1.2442	1.2519	1.2690	1.2767	1.2938	1.3015
Fibonacci	1.2457	1.2552	1.2610	1.2705	1.2800	1.2858	1.2953

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	61.44
MACD (12,26,9):	0.0024
Directional Movement:	13.9810
AROON (14):	50.0000
DEMA (21):	1.2751
Parabolic SAR (0,02-0,02-0,2):	1.2639
Elder Ray (13):	0.0072
Super Trend (3,10):	1.2628
Zig ZAG (10):	1.2799
VORTEX (21):	1.0787
Stochastique (14,3,5):	88.40
TEMA (21):	1.2758
Williams %R (14):	-20.51
Chande Momentum Oscillator (20):	0.0154
Repulse (5,40,3):	0.2912
ROCnROLL:	1
TRIX (15,9):	0.0081
Courbe Coppock:	0.71

MA7:	1.2752
MA20:	1.2711
MA50:	1.2685
MA100:	1.2652
MAexp7:	1.2764
MAexp20:	1.2725
MAexp50:	1.2690
MAexp100:	1.2661
Price / MA7:	+0.38%
Price / MA20:	+0.70%
Price / MA50:	+0.91%
Price / MA100:	+1.17%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.59%
Price / MAexp50:	+0.87%
Price / MAexp100:	+1.10%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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