GBPUSD --- > Waiting consolidation
Good day, dear investors and colleagues traders.
Your opinion technical analysis of the currency pair #Gbpusd:
The currency pair began its week not very positively and found a local bottom in the region of 1.2989 - 1.2975. The positive (more hawkish look) from the members of the Board of the Bank of England (#Boe) was taken very unexpectedly and market participants began to buy the pound. Thus, the currency pair completes the trading week with a result of + 0.99% to the US dollar.
The asset practically did not change the fluctuation of the Range coefficient (amplitude coefficient of motion) remaining in the region of 200 points.
But the trend angles have changed:
Three-day trend angle = 39.3˚
Two-day tenet angle = 42.4˚
The technical picture is more than positive, the currency pair has finished consolidating and has withdrawn from the range of trading that lasted from January 6, 2020.
The next target for the currency pair is 1.3260 consolidated zone on January 1. By the way, it is she who is the upper boundary of the ascending channel in which the currency pair is located.
According to our estimates, the currency pair is in the zone of potential sales, however, some consolidation or decrease from one of the key levels should be noted:
I) 1.3286
II) 1.3364
III) 1.3520
We will look for opportunities to sell precisely from these levels, or if consolidation begins in front of them.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your opinion technical analysis of the currency pair #Gbpusd:
The currency pair began its week not very positively and found a local bottom in the region of 1.2989 - 1.2975. The positive (more hawkish look) from the members of the Board of the Bank of England (#Boe) was taken very unexpectedly and market participants began to buy the pound. Thus, the currency pair completes the trading week with a result of + 0.99% to the US dollar.
The asset practically did not change the fluctuation of the Range coefficient (amplitude coefficient of motion) remaining in the region of 200 points.
But the trend angles have changed:
Three-day trend angle = 39.3˚
Two-day tenet angle = 42.4˚
The technical picture is more than positive, the currency pair has finished consolidating and has withdrawn from the range of trading that lasted from January 6, 2020.
The next target for the currency pair is 1.3260 consolidated zone on January 1. By the way, it is she who is the upper boundary of the ascending channel in which the currency pair is located.
According to our estimates, the currency pair is in the zone of potential sales, however, some consolidation or decrease from one of the key levels should be noted:
I) 1.3286
II) 1.3364
III) 1.3520
We will look for opportunities to sell precisely from these levels, or if consolidation begins in front of them.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
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