GBP USD Technical Analysis | GBP USD Trading: 2023-01-25 | IFCM
IFC Markets Online CFD Broker

GBP USD Technical Analysis - GBP USD Trading: 2023-01-25

GBP/USD Technical Analysis Summary

Accelerometer arrow
Strong SellSellNeutralBuyStrong Buy

Below 1.2282

Sell Stop

Above 1.2338

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2451
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Neutral
MA(200) Sell
Fractals Neutral
Parabolic SAR Sell

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 testing the 200-period moving average MA(200) which is rising still. We believe the bearish movement will continue after the price breaches below the fractal low at 1.2282. 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 1.2338. 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 producer price fell more than expected in December. Will the GBPUSD price retreat continue?

UK’s producer price fell more than expected in December: the Office for National Statistics reported UK Producer Price Index fell 1.1% over month in December after 0.2% decline in November, when a 0.8% decrease was forecast. This is bearish for GBPUSD.

IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy

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.

Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger