GBP/USD: The chances are very good!
The GBP/USD currency pair could soon become interesting again.
The calculated reversal dates provided a very good directional filter within our analyses in order to be able to plan and prepare the setups accordingly.
Thus, numerous setups could be successfully completed.
The past high in the GBP/USD was dated 19 February. After that, we assumed a primary price decline until around 19 March.
With the formation of a price top at USD 1.4242, the movement high ultimately arrived with a tolerance of three trading days. After an initial impulse exhaustion, the currency pair immediately went into decline. A correction lasting several days ensued, followed by a bottom formation.
On the downside, the price currently appears to be very solidly hedged. Two considerable support zones have formed here (at USD 1.3810 and 1.3750). If these zones continue to hold and there is no sustained break on the downside, a price increase until the end of April can be expected around 19 March.
(Our turnaround dates have an average tolerance of 3 days. In 80% of cases it is 2 days).
Hint:
Three specific analytical methods are used within our trading strategy. Only partial aspects have been published in this article.
Despite careful analysis, Global Investa does not guarantee the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a purchase recommendation or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
The calculated reversal dates provided a very good directional filter within our analyses in order to be able to plan and prepare the setups accordingly.
Thus, numerous setups could be successfully completed.
The past high in the GBP/USD was dated 19 February. After that, we assumed a primary price decline until around 19 March.
With the formation of a price top at USD 1.4242, the movement high ultimately arrived with a tolerance of three trading days. After an initial impulse exhaustion, the currency pair immediately went into decline. A correction lasting several days ensued, followed by a bottom formation.
On the downside, the price currently appears to be very solidly hedged. Two considerable support zones have formed here (at USD 1.3810 and 1.3750). If these zones continue to hold and there is no sustained break on the downside, a price increase until the end of April can be expected around 19 March.
(Our turnaround dates have an average tolerance of 3 days. In 80% of cases it is 2 days).
Hint:
Three specific analytical methods are used within our trading strategy. Only partial aspects have been published in this article.
Despite careful analysis, Global Investa does not guarantee the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a purchase recommendation or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.