GBP/USD - Weekly - Technical analysis published on 01/13/2025 (GMT)
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- 0
- Timeframe : Weekly
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under
My targets
()
()
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/USD, which is a positive signal for sellers. As long as the price remains above , a sale could be considered. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . If the price were to return above , it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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This analysis was given by arturslaucins. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/USD rating 1.2166 USD. The price is lower by -2.74% over the 5 days with the lowest point at 1.2100 USD and the highest point at 1.2365 USD. The deviation from the price is +0.55% for the low point and -1.61% for the high point.1.2100
1.2365
1.2166
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/USD:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this GBP/USD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Weekly
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Weekly
Support of channel is broken
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.0726 | 1.2044 | 1.2166 | 1.2343 | 1.2824 | 1.3128 |
| Change (%) | -11.84% | -1.00% | - | +1.45% | +5.41% | +7.91% |
| Change | -0.1440 | -0.0122 | - | +0.0177 | +0.0658 | +0.0962 |
| Level | Intermediate | Major | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2029 | 1.2110 | 1.2159 | 1.2240 | 1.2289 | 1.2370 | 1.2419 |
| Camarilla | 1.2171 | 1.2183 | 1.2195 | 1.2207 | 1.2219 | 1.2231 | 1.2243 |
| Woodie | 1.2012 | 1.2102 | 1.2142 | 1.2232 | 1.2272 | 1.2362 | 1.2402 |
| Fibonacci | 1.2110 | 1.2160 | 1.2191 | 1.2240 | 1.2290 | 1.2321 | 1.2370 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1690 | 1.1941 | 1.2074 | 1.2325 | 1.2458 | 1.2709 | 1.2842 |
| Camarilla | 1.2101 | 1.2137 | 1.2172 | 1.2207 | 1.2242 | 1.2277 | 1.2313 |
| Woodie | 1.1631 | 1.1912 | 1.2015 | 1.2296 | 1.2399 | 1.2680 | 1.2783 |
| Fibonacci | 1.1941 | 1.2088 | 1.2178 | 1.2325 | 1.2472 | 1.2562 | 1.2709 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.19 | |
| MACD (12,26,9): | -0.0146 | |
| Directional Movement: | -20.7299 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.2514 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2722 | |
| Elder Ray (13): | -0.0409 | |
| Super Trend (3,10): | 1.2788 | |
| Zig ZAG (10): | 1.2166 | |
| VORTEX (21): | 0.8088 | |
| Stochastique (14,3,5): | 4.84 | |
| TEMA (21): | 1.2339 | |
| Williams %R (14): | -93.62 | |
| Chande Momentum Oscillator (20): | -0.0797 | |
| Repulse (5,40,3): | -3.0378 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0597 | |
| Courbe Coppock: | 10.38 |
| MA7: | 1.2348 | |
| MA20: | 1.2485 | |
| MA50: | 1.2637 | |
| MA100: | 1.2886 | |
| MAexp7: | 1.2421 | |
| MAexp20: | 1.2658 | |
| MAexp50: | 1.2713 | |
| MAexp100: | 1.2672 | |
| Price / MA7: | -1.47% | |
| Price / MA20: | -2.56% | |
| Price / MA50: | -3.73% | |
| Price / MA100: | -5.59% | |
| Price / MAexp7: | -2.04% | |
| Price / MAexp20: | -3.88% | |
| Price / MAexp50: | -4.29% | |
| Price / MAexp100: | -3.99% |
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 Outlook - British Pound Stumbles on Thursday
-
GBP/USD Price Outlook - Sterling Plunges on Wednesday! (January 9, 2025)
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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