Monday, August 26, 2019

GBP/USD technical analysis: 21-day EMA, 23.6% Fibo. regain market attention

GBP/USD takes turnaround from two-month-old falling trend-line.
1.2200/2195 becomes near support-confluence to look at.
50-day EMA, 1.2385 will please patrons throughout the contemporary rise.
GBP/USD fails to carry its earlier run-up to three-week high and is presently declining to one.2230 whereas heading into the London open on weekday.



The 21-day exponential moving average (EMA) and twenty three.6% Fibonacci retracement of June-August draw back, near 1.2200/2195, grabs immediate attention of sellers because it holds the key to the quote’s slump to one.2100.

If in the slightest degree sellers refrain from stepping back around one.2100, 1.2050 and monthly low close to one.2015 may become their favorites.

It ought to even be noted that the year 2017 bottom of one.1987 and 2016 trough of one.1806 may return to charts if bears dominate past-1.2015.

0 comments:

Post a Comment