fbGBP/USD Technical Analysis | GBP/USD Trading: 2021-07-27 | IFCM
EN

GBP/USD Technical Analysis - GBP/USD Trading: 2021-07-27

GBP/USD Technical Analysis Summary

Accelerometer arrow
Strong SellSellNeutralBuyStrong Buy

Below 1.3765

Sell Stop

Above 1.3828

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 1877
IndicatorValueSignal
RSI Neutral
MACD Sell
Donchian Channel Neutral
MA(200) Buy
Fractals Sell
Parabolic SAR Sell

GBP/USD Chart Analysis

GBP/USD Chart Analysis

GBP/USD Technical Analysis

The GBPUSD technical analysis of the price chart on 1-hour timeframe shows GBPUSD: H1 is retracing above the 200-period moving average MA(200) which is falling itself. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.3765. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.3828. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - GBP/USD

UK’s Confederation of British Industry survey results were better than expected. Will the GBPUSD retreat reverse?

UK’s Confederation of British Industry survey results were better than expected: the CBI Distributive Trades Survey showed retail sales grew in the year to July at a similar pace as last month: +23% after +25% in June, when a slower growth at 21% was forecast. This is bullish for GBPUSD. However current technical setup is bearish for GBPUSD.

Trading signals with a probability of 80% by Autochartist

  • Easy to use
  • Fully automatic
  • Wide range of analytics

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.