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GBP/USD Technical Analysis - GBP/USD Trading: 2021-09-21

GBP/USD Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 1.3692

Buy Stop

Below 1.3661

Stop Loss

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

GBP/USD Chart Analysis

GBP/USD Chart Analysis

GBP/USD Technical Analysis

The technical analysis of the GBPUSD price chart on 1-hour timeframe shows GBPUSD,H1 is rising toward the 200-period moving average MA(200) which is declining still. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.3692. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.3661. After placing the order, the stop loss is to be moved to the next fractal low 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 for September. Will the GBPUSD price rebound persist?

UK’s Confederation of British Industry survey results were better than expected for September: the CBI Industrial Trends Survey showed UK Industrial Order Expectations index rose to 22 for September from 18 in August, when a fall to 15 was forecast. This is bullish for GBPUSD.

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