GBP/USD - 1H - Technical analysis published on 01/07/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 1.2496 USD
My targets
1.2607 USD (+0.0044)
1.2686 USD (+0.0123)
My analysis
GBP/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.2496 USD. The next resistance located at 1.2607 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.2686 USD. After this resistance, buyers could then target 1.2824 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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Additional analysis
Quotes
The GBP/USD price is 1.2563 USD. The price registered an increase of +0.43% on the session and was between 1.2504 USD and 1.2576 USD. This implies that the price is at +0.47% from its lowest and at -0.10% from its highest.1.2504
1.2576
1.2563
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2413 | 1.2496 | 1.2551 | 1.2563 | 1.2607 | 1.2686 | 1.2824 |
| Change (%) | -1.19% | -0.53% | -0.10% | - | +0.35% | +0.98% | +2.08% |
| Change | -0.0150 | -0.0067 | -0.0012 | - | +0.0044 | +0.0123 | +0.0261 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2293 | 1.2353 | 1.2431 | 1.2491 | 1.2569 | 1.2629 | 1.2707 |
| Camarilla | 1.2471 | 1.2484 | 1.2496 | 1.2509 | 1.2522 | 1.2534 | 1.2547 |
| Woodie | 1.2302 | 1.2358 | 1.2440 | 1.2496 | 1.2578 | 1.2634 | 1.2716 |
| Fibonacci | 1.2353 | 1.2406 | 1.2438 | 1.2491 | 1.2544 | 1.2576 | 1.2629 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2061 | 1.2207 | 1.2315 | 1.2461 | 1.2569 | 1.2715 | 1.2823 |
| Camarilla | 1.2353 | 1.2376 | 1.2400 | 1.2423 | 1.2446 | 1.2470 | 1.2493 |
| Woodie | 1.2042 | 1.2198 | 1.2296 | 1.2452 | 1.2550 | 1.2706 | 1.2804 |
| Fibonacci | 1.2207 | 1.2304 | 1.2364 | 1.2461 | 1.2558 | 1.2618 | 1.2715 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2059 | 1.2267 | 1.2395 | 1.2603 | 1.2731 | 1.2939 | 1.3067 |
| Camarilla | 1.2431 | 1.2461 | 1.2492 | 1.2523 | 1.2554 | 1.2585 | 1.2615 |
| Woodie | 1.2019 | 1.2247 | 1.2355 | 1.2583 | 1.2691 | 1.2919 | 1.3027 |
| Fibonacci | 1.2267 | 1.2395 | 1.2475 | 1.2603 | 1.2731 | 1.2811 | 1.2939 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 74.99 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 20.4997 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.2554 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2490 | |
| Elder Ray (13): | 0.0032 | |
| Super Trend (3,10): | 1.2514 | |
| Zig ZAG (10): | 1.2565 | |
| VORTEX (21): | 1.0846 | |
| Stochastique (14,3,5): | 88.81 | |
| TEMA (21): | 1.2558 | |
| Williams %R (14): | -15.28 | |
| Chande Momentum Oscillator (20): | 0.0046 | |
| Repulse (5,40,3): | 0.1737 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0242 | |
| Courbe Coppock: | 0.46 |
| MA7: | 1.2503 | |
| MA20: | 1.2587 | |
| MA50: | 1.2695 | |
| MA100: | 1.2919 | |
| MAexp7: | 1.2548 | |
| MAexp20: | 1.2525 | |
| MAexp50: | 1.2494 | |
| MAexp100: | 1.2487 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | -1.04% | |
| Price / MA100: | -2.76% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +0.61% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on GBP/USD. At the time of publication of this analysis, the latest news was as follows:
-
GBP/USD Price Forecast - Sterling Rises, for Now
-
GBP/USD Forecast - Will Support Hold??? (January 2, 2025)
-
GBP/USD Forecast - Pound Continues to Struggle Against the Dollar
-
GBP/USD Forecast December 24, 2024
-
GBP/USD Forecast - Cable Looks to Find a Bottom (December 23, 2024)
This member declared not having a position on this financial instrument or a related financial instrument.
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