Review Brokers
No Result
View All Result
Tuesday, March 28, 2023
  • Login
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Broker 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Broker 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
Review Brokers
No Result
View All Result

GBPUSD Forecast: Next line of defense aligns at 1.1825

Admin by Admin
August 19, 2022
in Forex/CFDs/Cryptos News
0
GBPUSD
0
SHARES
3
VIEWS

(Eren Sengezer – FXStreet)

– GBP/USD has extended its slide after having dropped below 1.1900.

– The pair faces static support level at 1.1825.

– Wall Street’s main indexes remain on track to open deep in negative territory.

Pressured by the broad-based dollar strength, GBP/USD has suffered heavy losses and dropped to its lowest level in a month below 1.1900. The pair stays on the backfoot on Friday and additional losses could be witnessed in case safe-haven flows continue to dominate the financial markets in the second half of the day. It’s worth noting, however, that the near-term technical outlook suggests that the pair could make a correction before the next leg lower.

The data from the US showed on Thursday that the Philadelphia Fed Manufacturing Index improved significantly in August and the weekly Initial Jobless Claims declined to 250,0000, compared to the market expectation of 265,000. On a negative note, Existing Home Sales fell by 5.9% in July. The dollar struggled to make a decisive move in either direction with the initial reaction but hawkish comments from officials triggered an impressive rally in the US Dollar Index (DXY).

St. Louis Fed President James Bullard said that he was in favor of the Fed continuing to frontload rate hikes and added that he would prefer a 75 basis points increase at the September policy meeting. Additionally, “the markets have a lack of understanding but consumers understand that rates won’t go down right after they go up,” San Francisco Fed President Mary Daly told CNN. 

There won’t be any high-tier data releases from the US ahead of the weekend and the risk perception could impact the dollar’s valuation. As of writing, US stock index futures were down between 0.6% and 0.9%, suggesting that safe-haven flows could continue to support the dollar in the second half of the day.

GBP/USD Technical Analysis

GBPUSD

The pair faces static support at 1.1825 ahead of 1.1800 (psychological level) and 1.1760 (July 14 low). On the four-hour chart, the Relative Strength Index (RSI) indicator dropped below 30, suggesting that the pair could stage a correction before extending its slide.

In case GBP/USD recovers, resistances are located at 1.1900 (psychological level), 1.1940 (static level) and 1.2000 (psychological level, Fibonacci 61.8% retracement of the latest uptrend).

Daily recommendations on major – USD/JPY

(AceTrader Team)

USD/JPY – 136.51

Dollar’s intra-day rally in tandem with U.S. yields to a 2-week high of 135.49 in New York suggests re-test of Aug’s 135.57 high would be forthcoming next, above would extend upmove from Aug’s 130.41 7-week trough at 130.41 towards 135.96 before prospect of decline later.

On the downside, only a daily close below 134.68 would prolong choppy swings and risk weakness towards 134.43, break would head to 133.92/97.

Data to be released on Friday

U.K. Gfk consumer confidence, Germany producer prices, U.K. PSNB GBP, PSNCR GBP, retail sales, Swiss industrial production, EU current account.
Canada retail sales.

Read Winning streak coming to an end?

Post Views: 269

Related posts:

FXStreetForex Technical Outlook: Yen, Pound FXStreetForex Technical Analysis: GBPUSD, EURUSD and ECB, USDJYP FXStreetForex Forecast: GBPUSD, EURUSD, USDJPY GBPUSDGBPUSD Forecast: Pound looks indecisive after hot UK inflation data FXStreetBitcoin’s inverse correlation with inflation-adjusted bond yield hits record high FXStreetBTC miners ‘finally capitulating’ – Five things to know in Bitcoin this week FXStreetGBPUSD outlook MarketNewsRates Spark: ECB to set the tone for summer
Tags: Daily recommendations on majorForex/CFDs/Cryptos NewsGBPUSD newsUS Dollar Index (DXY)
30 USD No Deposit Bonus 30 USD No Deposit Bonus 30 USD No Deposit Bonus
Previous Post

Forex Forecast: EUR/USD, XAU/USD

Next Post

Winning streak coming to an end?

Admin

Admin

Related Posts

MarketNews
Forex/CFDs/Cryptos News

The Comeback of the Banking Sector: Hope on the Horizon

March 24, 2023
FXcurrencies
Forex/CFDs/Cryptos News

Forex Trading Secrets: Advanced Technical Analysis Techniques for Major Currency Pairs, Equities, and Commodities

March 24, 2023
MarketNews
Forex/CFDs/Cryptos News

Has the ECB set the tone for the Federal Reserve?

March 24, 2023
us dollar index
Forex/CFDs/Cryptos News

Dollar under pressure

March 20, 2023
MarketNews
Forex/CFDs/Cryptos News

The Aftermath of Credit Suisse’s Deal: How Europe Will be Affected

March 20, 2023
EUR-USD
Forex/CFDs/Cryptos News

The Calm Before the Storm: EUR/USD Analysis Before US Jobs Report

March 20, 2023
Load More
Next Post
MarketNews

Winning streak coming to an end?

Leave a Reply Cancel reply

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

No Result
View All Result
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
PrimeXBT

PrimeXBT | Step2earn Contest (06.06.22)

May 31, 2022
FBS

FBS | $100 Quick Start Bonus

February 21, 2023
PrimeXBT

PrimeXBT | TradinatoR Contest (27.06.22)

June 6, 2022
xtrade

XTrade | Xmas Season Bonus (26.12.21)

May 24, 2022
CMC Markets

What Is Bitcoin?

53
forexknowledge

What is Forex?

32
Tiomarkets

MT4 vs MT5: What trading platform to choose?

31
CMC Markets

What Is Ethereum?

29
AceFXPro

AceFXPro | Up to 100% Bonus

March 27, 2023
MarketNews

The Comeback of the Banking Sector: Hope on the Horizon

March 24, 2023
FXcurrencies

Forex Trading Secrets: Advanced Technical Analysis Techniques for Major Currency Pairs, Equities, and Commodities

March 24, 2023
N1CM

N1CM | 35% First Deposit Bonus

March 21, 2023

Advertisement

exness

fbs

XM





300_250_en stocks

deriv

Recent Posts

  • AceFXPro | Up to 100% Bonus
  • The Comeback of the Banking Sector: Hope on the Horizon
  • Forex Trading Secrets: Advanced Technical Analysis Techniques for Major Currency Pairs, Equities, and Commodities
  • N1CM | 35% First Deposit Bonus
  • Windsor Brokers | 30 USD Free Account

Connect to ReviewBrokers

facebook twitter telegram
liveinternet liveinternet
Review Brokers

ReviewBrokers Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@reviewbrokers.com

reviewbrokers.net@gmail.com

Payment methods:
– Webmoney
– Perfect Money
– Paypal
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Categories

  • Affiliate Program (64)
  • Best Promotions (42)
  • Broker Listing (9)
  • Education (88)
  • Expert Advisors (1)
  • Forex Demo Contest (35)
  • Forex Deposit Bonus (230)
  • Forex Live Contest (51)
  • Forex No Deposit Bonus (26)
  • Forex Rebate (Cashback) (59)
  • Forex Trading Indicators (26)
  • Forex Trading Strategies (15)
  • Forex/CFDs/Cryptos News (946)
  • Other Promotions (51)
  • Promotional Content (10)

Disclaimer

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in the Financial Market such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. ReviewBrokers is not responsible for any information on the website.

Recent Posts

  • AceFXPro | Up to 100% Bonus
  • The Comeback of the Banking Sector: Hope on the Horizon
  • Forex Trading Secrets: Advanced Technical Analysis Techniques for Major Currency Pairs, Equities, and Commodities
  • N1CM | 35% First Deposit Bonus
  • Windsor Brokers | 30 USD Free Account
  • FirewoodFX | Up to $5,000 Trading Reward Bonus
  • AvaTrade | Share The Wealth, Refer A Friend
  • SuperForex | Gold Rush
  • SuperForex | CryptoMania – Cryptocurrency Contest
  • OctaFX | Champion MT4 Demo Contest (10.04.23)
  • JustMarkets | $30 Welcome Bonus
  • Has the ECB set the tone for the Federal Reserve?

Risk warning

Please be aware of your investment into trading markets which is high risk and not suitable for everyone.

© 2011 - 2022 ReviewBrokers - Forex Brokers Review | Forex Promotions & Bonuses.

No Result
View All Result
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Expert Advisors
    • Expert Advisors Price
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2011 - 2022 ReviewBrokers - Forex Brokers Review | Forex Promotions & Bonuses.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/betbonus/reviewbrokers.net/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111