EUR/USD 1.16663
0.277%
Gold 4597.27
1.990%
Oil 59.646
1.754%
USD/JPY 158.157
0.176%
GBP/USD 1.34653
0.442%
GBP/JPY 212.954
0.614%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Williams, a permanent voting member of the FOMC and president of the Federal Reserve Bank of New York, will speak in ten minutes.According to tanker monitoring service TankerTrackers, at least two unsanctioned supertankers are carrying crude oil out of Venezuelan waters.U.S. Treasury Secretary Bessenter urged some foreign finance ministers to improve the resilience of their supply chains.1. European report: Ukrainian civilian deaths to reach record high in 2025. 2. Russia claims Hazel missile strikes cripple Ulivov State Aviation Repair Plant. 3. Sources: Russian drones attacked two foreign-flagged ships near Chernomorsk, Ukraine, on Monday. 4. Russian Security Council Secretary: Russia is willing to continue developing cooperation with Iran. 5. Reuters survey shows Russian economy will grow by 1.1% in 2026. 6. German defense contractor to supply Lynx infantry fighting vehicles to Ukraine. 7. British media: After the British government established the legal basis, British troops can seize hundreds of ships belonging to Russias "shadow fleet."January 13th - US small-cap stocks set a seven-year winning streak relative to large-cap stocks. The Russell 2000 index closed at a record high on Monday, extending its winning streak relative to the S&P 500 to seven consecutive trading days. The last longer winning streak dates back to January 2019, when the stock market was rebounding from a sharp decline. In December 2018, the S&P 500 fell 9.2%, and the Russell 2000 dropped 12%, fueled by rising interest rates, concerns about a trade war, and fears of an economic slowdown. The following month, the Russell 2000 rebounded 11%, while the S&P 500 rose 7.9%.

GBP/USD Price research indicates a probable fall to 1.2100

Alina Haynes

Aug 03, 2022 14:56

 截屏2022-08-03 上午9.47.53.png

 

The GBP/USD pair has retraced close to 1.2140 after giving up the critical support level of 1.2180 on Tuesday. After failing to recapture monthly highs above 1.2293 on Tuesday, the cable saw a strong sell-off. Given that investors have backed the risk-aversion impulse as a result of escalating US-China tensions over Taiwan, it is anticipated that a corrective movement would increase.

 

On a four-hour time frame, the cable is bidding in a Rising Channel configuration that favors the north side overall but undergoes many nice corrections along the way up. The upper portion of the previously described chart pattern is derived from the July 13 high of 1.1968, while the lower portion is drawn from the July 14 low of 1.1760.

 

The asset has abandoned the 20-period Exponential Moving Average (EMA) at 1.2190, while the 50-period EMA at 1.2129 remains intact but is likely to be challenged sooner.

 

The Relative Strength Index (RSI) (14) has dropped into the 40.00–60.00 range, indicating that gold prices' bullish momentum has paused.

 

If there is a modest decrease toward 1.2150, market participants will be able to sell at a discount. The wire will be tugged in this direction, nearing the round-number support level at 1.2100. By breaking clearly below 1.2100, the dollar bulls will be extinguished, and the cable will continue to fall until it reaches a low of 1.2063 on July 29.

 

If the asset crosses over the 20-EMA at 1.2190, though, the cable may initiate a fresh bullish impulsive wave. If this occurs, the asset will increase to its high from July 29, which was 1.2246, before reaching its monthly high of 1.2294.


Suggestion