Technical Analysis – GBPUSD takes a breather after record low



GBPUSD survived Monday’s freefall to the uncharted territory with minor damage, minimizing its losses from a record low of 1.0324 to 1.0683.

The pair is currently aiming for a climb above Friday’s closing price of 1.0845 as the RSI and the stochastics seem to have bottomed in the oversold area, signaling a potential upside reversal. Yet, with the indicators still well dipped in the bearish territory and the price itself far below the broken bearish channel, downside risks may keep lingering in the background in the short term.

An extension above the nearby resistance of 1.0845 – 1.0930 could provide direct access to the key 1.1200 zone, a break of which is needed to clear the way towards the 20-day simple moving average (SMA) at 1.1377 and the pandemic low of 1.1408. The 1.1545 barrier has been capping bullish actions since early this month and may again come into play ahead of the previous high of 1.1737 if the recovery continues.

On the downside, the 1.0674 zone is acting as support for the second consecutive day. If that floor collapses, the 1.0500 psychological mark may attempt to cancel any downfalls towards the 1.0324 record low. Should the bears re-activate the long-term downtrend, traders will immediately bring the case of parity under examination.

In brief, although GBPUSD is trying to heal its wounds from a record low, the pair is not out of the woods yet. Traders will wait for a continuation of the rebound above the 1.0845-1.0930 region before they increase their buying orders.

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明