GBP/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPUSD
ISIN:

GBP/USD - 1H - Technical analysis published on 11/01/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

50%

39%

My opinion

Bearish under 1.2907 USD

My targets

1.2833 USD (-0.0058)

1.2681 USD (-0.0210)

My analysis

GBP/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.2907 USD. The next support located at 1.2833 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.2681 USD. Below this support, sellers could then target 1.2561 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.3

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 Jeafx9667. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/USD rating is 1.2891 USD. On the day, this instrument lost -0.05% and was between 1.2889 USD and 1.2901 USD. This implies that the price is at +0.02% from its lowest and at -0.08% from its highest.

1.2889

1.2901

1.2891

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GBP/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2561	1.2681	1.2833	1.2891	1.2907	1.2938	1.2999
Change (%)	-2.56%	-1.63%	-0.45%	-	+0.12%	+0.36%	+0.84%
Change	-0.0330	-0.0210	-0.0058	-	+0.0016	+0.0047	+0.0108
Level	Minor	Major	Major	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2671	1.2758	1.2827	1.2914	1.2983	1.3070	1.3139
Camarilla	1.2854	1.2868	1.2883	1.2897	1.2911	1.2926	1.2940
Woodie	1.2663	1.2754	1.2819	1.2910	1.2975	1.3066	1.3131
Fibonacci	1.2758	1.2817	1.2854	1.2914	1.2973	1.3010	1.3070

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2741	1.2824	1.2892	1.2975	1.3043	1.3126	1.3194
Camarilla	1.2919	1.2932	1.2946	1.2960	1.2974	1.2988	1.3002
Woodie	1.2734	1.2820	1.2885	1.2971	1.3036	1.3122	1.3187
Fibonacci	1.2824	1.2882	1.2917	1.2975	1.3033	1.3068	1.3126

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2151	1.2498	1.2697	1.3044	1.3243	1.3590	1.3789
Camarilla	1.2747	1.2797	1.2847	1.2897	1.2947	1.2997	1.3047
Woodie	1.2078	1.2461	1.2624	1.3007	1.3170	1.3553	1.3716
Fibonacci	1.2498	1.2706	1.2835	1.3044	1.3252	1.3381	1.3590

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.83
MACD (12,26,9):	-0.0019
Directional Movement:	-12.4201
AROON (14):	-14.2857
DEMA (21):	1.2885
Parabolic SAR (0,02-0,02-0,2):	1.2942
Elder Ray (13):	-0.0008
Super Trend (3,10):	1.2946
Zig ZAG (10):	1.2891
VORTEX (21):	0.8806
Stochastique (14,3,5):	32.47
TEMA (21):	1.2880
Williams %R (14):	-69.48
Chande Momentum Oscillator (20):	0.0000
Repulse (5,40,3):	-0.0201
ROCnROLL:	2
TRIX (15,9):	-0.0239
Courbe Coppock:	0.97

MA7:	1.2952
MA20:	1.3005
MA50:	1.3128
MA100:	1.2978
MAexp7:	1.2895
MAexp20:	1.2912
MAexp50:	1.2940
MAexp100:	1.2957
Price / MA7:	-0.47%
Price / MA20:	-0.88%
Price / MA50:	-1.81%
Price / MA100:	-0.67%
Price / MAexp7:	-0.03%
Price / MAexp20:	-0.16%
Price / MAexp50:	-0.38%
Price / MAexp100:	-0.51%

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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