EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Forex News

GBP/USD Extends Slide, Trades Below 1.0800 [Technical Overview]

Admin by Admin
September 29, 2022
in Forex News
0
GBP USD pair
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

The GBP/USD pair failed to build on Wednesday’s gains and dropped below 1.0800 in the European session on Thursday. The renewed dollar strength amid risk aversion weighs on the pair as investors keep a close eye on UK gilt markets following the BoE’s intervention.

The Relative Strength Index (RSI) indicator on the four-hour chart started to edge higher after having retreated toward 50 during the Asian trading hours. Additionally, GBP/USD continues to trade above the 20-period SMA, showing that bulls look to retain control of the pair’s action.

Related Content- GBP/USD Slumps to Fresh Multi-decade Lows Below 1.1050

The Relative Strength Index (RSI) indicator on the four-hour chart started to edge higher after having retreated toward 50 during the Asian trading hours. Additionally, GBP/USD continues to trade above the 20-period SMA, showing that bulls look to retain control of the pair’s action.

On the upside, 1.0900 (psychological level, static level) aligns as immediate resistance. With a four-hour close above that level, GBP/USD could target 1.1000 (Fibonacci 38.2% retracement level of the latest downtrend, psychological level) and 1.1040 (50-period SMA).

Supports are located at 1.0800 (psychological level, static level), 1.0755 (20-period SMA) and 1.0700 (Fibonacci 23.6% retracement).

Source- FxStreet

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: ForexForex tradingGBP/USD
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

China Central Bank to Internationalize its Digital Currency

Next Post

What Are Stablecoins?

Admin

Admin

Next Post
WHAT ARE STABLECOINS

What Are Stablecoins?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023
FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

FTX Group Interim Financial Update Contradicts Court Filing, Shows Exchange Had $1.43B In Cash

February 1, 2023
Tesla Lost Millions In Crypto

Tesla Lost Millions In Crypto

February 1, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

AUD USD pair

AUD/USD falls from 7-month highs

February 2, 2023
What is Wiki Cat

What is Wiki Cat (WKC)?

February 1, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>