LiteForex_Official

GBP/USD: general analysis

OANDA:GBPUSD   英镑/美元
41 0 1
Current trend

The pair continues to trade in a downtrend. The nearest important level of support is at the 0/8 Murray level (1.3916), if it is broken down, the next target will be the level of 1.3855.

The decline in the British currency was triggered by the slowdown in the development of the UK economy. The PMI index dropped to 52 points: companies reported that many contracts were not renewed, and the loss of customers could continue due to the uncertainty of negotiations on Brexit. The sales of durable goods also declined sharply: the registration of new cars fell by 6% compared to the previous year. The total volume of new registrations was 163 615 in January, the demand for diesel engines fell by 25.6% for the year, while the one for petrol engines slightly increased.

On February 8, the Bank of England will publish its forecast regarding the economic situation, which will try to keep the pound from further decline.

Support and resistance

Indicator Stochastic is at around 24, indicating that the asset is oversold.

Resistance levels: 1.4038, 1.4077.

Support levels: 1.3916, 1.3855.

Trading tips

Short positions can be opened at the resistance level of 2/8 Murray (1.4038) with a stop loss at 1.4066 and take profit at 1.3916.

Great Britan vs US Dollar            

Buy Sell Spread
1.38475 1.38448 27

Scenario

Timeframe Day's Range
Recommendations SELL LIMIT
Entry Point 1.4038
Take Profit 1.3916
Stop Loss 1.4066
Support levels 1.3855, 1.3916, 1.4038, 1.4077
More analytic from LiteForex:
English https://www.liteforex.com/blog/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
You can choose any language on our site
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出