Technical analysis of GBP / USD 02/07/2020

The GBP / USD currency pair formed an upward channel on the daily timeframe. The price found support at 1.2250 (38.2% Fibo) and is currently consolidating around 1.2480 (MA100). Possible development of upward movement with a target above 1.2800 (previous maximum in the channel). Cancellation of the growth option will reduce the pair below 1.1950, which will mean breaking through the lower boundary of the channel, as well as the level of 61.8% Fibo, and may be a signal for a possible change in the trend on the daily chart with a target in the region of 1.1400 (annual minimums).

Created by Joshua Hayn

VN: F [1.9.22_1171]

Rating: 4.0 /5 (10 votes cast)

4.0 out of 5 based on ten ratings

Libertex [CPS] WW



MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

Rosneft share price today: forecast and technical analysis

Read Next

Manifest Internet School – Is It Worth Signing Up?