EUR/USD 1.16341
-0.215%
Gold 4507.58
0.663%
Oil 58.618
0.632%
USD/JPY 157.879
0.650%
GBP/USD 1.34060
-0.254%
GBP/JPY 211.655
0.407%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Home Depot and Google Cloud have jointly launched the Agentic AI tool to help customers and employees transform projects from "how to do it" to "completed".Domestic News: 1. The "Tianma-1000" unmanned transport aircraft successfully completed its maiden flight. 2. Shanxi Province issued consumption subsidies for home appliances and digital smart products in 2026. 3. Hong Kongs new budget will be announced on February 25. 4. China Securities Regulatory Commission (CSRC): Focusing on cracking down on major, malicious, and key illegal activities, and severely punishing all kinds of malicious illegal activities. 5. Chinese Embassy: Due to scheduling conflicts, Wang Yis planned visit to Somalia on January 9 has been postponed. 6. Wang Yi held a telephone conversation with the Somali Foreign Minister: Opposing Somalilands collusion with the Taiwan authorities to seek independence. 7. National Business Work Conference: In 2026, efforts will be accelerated to cultivate new growth points in service consumption and optimize the implementation of the trade-in policy for consumer goods. International News: 1. A curfew has been imposed in Narathiwat Province in southern Thailand. 2. Israeli forces are reportedly planning a new round of attacks on the Gaza Strip. 3. British officials: The possibility of Britain deploying troops to Greenland cannot be ruled out. 4. South Korean Presidential Office: Will investigate the truth behind North Koreas claim of a "drone intrusion" and release the results promptly. 5. Iranian President: The government endorses peaceful protests and is willing to meet with protest groups. 6. Danish Parliament Chief: It would be "foolish" to go to war over Greenland. 7. Israel demands the EU designate Irans Islamic Revolutionary Guard Corps as a "terrorist organization." 8. US Media: Trump received a briefing on options for striking Iran but has not yet made a final decision; the government is considering multiple options for intervention in Iran. 9. Trump again pressures Cuba, threatening that if Cuba does not reach an agreement soon, it will face a situation of "zero oil and zero funds" flowing into Cuba. 10. Iranian Parliament Speaker warns Trump that any attack would lead Iran to consider Israel and US bases in the region as "legitimate targets" and strike them.On January 11, Cuban Foreign Minister Rodriguez posted on social media that the United States’ behavior was like “criminal and out-of-control hegemony,” threatening not only the peace and security of Cuba and the Western Hemisphere, but also the entire world.Supermicro Computer (SMCI.O) announced a collaboration with numerous industry partners to launch a smart store retail solution.Israeli Prime Minister Netanyahu: Israel is closely monitoring the situation in Iran and hopes that the country will soon be free from "tyranny".

Analysis of the GBP/USD exchange rate: the currency pair is unable to break through the important 1.2100 barrier

Alina Haynes

Jul 04, 2022 11:50

截屏2022-07-04 上午10.16.51.png 

 

The GBP/USD pair is aiming to exceed the potential barrier around 1.2106 in order to launch a bullish reversal from the rally. The pound bulls are hovering near the previously announced probable barrier from the Tokyo session's early hours.

 

The cable saw a significant purchasing response after hitting the two-week-old support of the 14-June low at 1.1970. When an asset's price moves in response to a buyer's bid, this usually indicates that the item is now a value bet. Currently, the likely resistance of Wednesday's low at 1.2106 is a significant hurdle for the pound bulls.

 

Closing at 1.2090, well above the 20-period Exponential Moving Average (EMA), reinforces the bullish filters in place. At 1.2115, the cable is also getting close to the 50-EMA resistance level. The pound bulls will be reinforced more, though, if they can sustain growth over the same level.

 

RSI (14) has moved into the 40.00-60.00 range, indicating that a consolidation is about to take place.

 

With a strong gain above the Monday high of 1.2122, the asset is poised to reach a new high for the week of 1.2188 on Friday. A breach of the latter level will catapult the cable to Tuesday's high of 1.2292.

 

Alternatively, the dollar bulls may return if the asset falls below Friday's low of 1.1976. A replay of the same occurrence will send the asset towards the round-number support at 1.1900, followed by a bottom of 1.1777 on March 26, 2020.


Suggestion