Get started
Daisy_Anna

GBP/USD Extends Recovery Amid Dollar Weakness

British Pound / U.S. Dollar (OANDA:GBPUSD)  
Daisy_Anna  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD sma resistence support buy SELL Forex analysischart
2
0
trendanalysis chartpattern indicator gbpusd sma resistence support buy sell forex analysischart
The GBP/USD is extending its recovery rally towards the 1.2500 level in Thursday morning's European session. This currency pair continues to be supported by the prolonged weakness of the US Dollar along with low-interest rates of US treasury bonds.

On the 4-hour chart, we observe that the GBP/USD has crossed above the 20-period Simple Moving Average (SMA), signaling positive signs of price recovery. If prices continue to rise and surpass both the SMA 50 and SMA 100, we can expect a stronger upward movement.
🌟Please join my community today at:
t.me/Suppergoldview
👉Explore trading opportunities and earn profits
👉Gain valuable trading experiences and knowledge from our community

Related Ideas

Daisy_Anna
Chart Analysis: GBP/USD Downtrend
Daisy_Anna
"EUR/USD Continues Decline Below 1.0640 Amid Fed Comments
Daisy_Anna
Gold Surges Past $2,400 After Israel-Iran Escalation
Daisy_Anna
Bitcoin Correction Signals Shift to Bullish Trend
Daisy_Anna
Strong Momentum: Japanese Intervention Boosts USD/JPY
Daisy_Anna
EUR/USD Surges in Asian Trading, Driven by US Dollar Weakness
Daisy_Anna
Chart Analysis: Gold's Downward Trend and Potential Rebound
Daisy_Anna
Bullish Outlook: GBP/USD Targets Psychological 2.500
Daisy_Anna
Chart Analysis: USD/JPY Correction and Test of SMA 20
Daisy_Anna
EUR/USD Analysis: Downward Momentum Holds as Dollar (USD) Stren
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.