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GBP/USD - Technical analysis of the GBP/USD currency pair for August 6, 2021

GBP/USD, currency, GBP/USD - Technical analysis of the GBP/USD currency pair for August 6, 2021

With the opening of trading in Asia on Friday, this currency pair is trading with an increase in quotations, remaining within the current support level at 1.3861 and the resistance level at 1.3975, where the market chart progresses slightly above the exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of buyers in this market in the short term.

On the four-hour chart, the moving averages have slowed down, but they continue to move up, maintaining a divergence, which indicates in favor of an upward movement of this market in the short term.

The technical picture also demonstrates the advantage of the bulls, as the MACD histogram entered the area just above its central line, and the strength indicator of the current RSI movement rose to the 60 line, confirming the bullish potential of this market in the short term.

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GBP/USD - Technical analysis of the GBP/USD currency pair on December 20
GBP/USD, currency, GBP/USD - Technical analysis of the GBP/USD currency pair on December 20 With the opening of trading in Asia on Monday, this currency pair is trading with a decrease in quotations, remaining within the current support level at 1.3185 and the resistance level at 1.3291, where the market chart progresses below exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of sellers in this market in the short term.On the four-hour chart, the moving averages slowed down, reducing the divergence and formed a sell signal, which indicates the appearance of a bearish trend in this market in the short and medium term.The technical picture also shows a slightly stronger sellers' positions, as the MACD histogram entered the area below its central line, and the strength indicator of the current RSI movement dropped to the 40 line, confirming the advantage of bears in this market in the short term.Thus, we intend to sell this trading instrument today.GBP/USD
Dec 20, 2021 Read
USD/CHF - Technical analysis of the USD/CHF currency pair on December 20
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Dec 20, 2021 Read
USD/CAD - Technical analysis of the USD/CAD currency pair on December 17
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GBP/JPY - Technical analysis of the GBP/JPY currency pair on December 17
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AUD/USD - Technical analysis of the AUD/USD currency pair on December 17
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Dec 17, 2021 Read
EUR/JPY - Technical analysis of the EUR/JPY currency pair on December 17
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Dec 17, 2021 Read
EUR/USD - Technical analysis of the EUR/USD currency pair on December 16
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Dec 16, 2021 Read
GBP/USD - Technical analysis of the GBP/USD currency pair on December 16
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