- GBP/USD Price Analysis: Bears could be about to pounce for a deeper run into the lower 1.1400s
Notícias do Mercado
16 setembro 2022
GBP/USD Price Analysis: Bears could be about to pounce for a deeper run into the lower 1.1400s
- The bulls have stepped in at a critical daily demand area.
- GBP/USD bears are lurking at ket 4-hour resistance.
GBP/USD bulls are stepping in from 1.1450 and the following illustrates the potential for a correction followed by a deeper move into the demand structure on the longer time frames.
GBP/USD daily chart
The daily chart shows that the price is at a critical demand area.
Zooming in, however, there is the potential of a move lower into the demand area.
GBP/USD H4 chart
Meanwhile, the price is starting to correct into a 38.2% Fibonacci retracement area:
As shown, there is a confluence of the prior lows and the 38.2% and 50% ratios that could act as resistance and result in the next bearish leg.
O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir Conta Demo e Página Pessoal