EUR/USD 1.17386
0.003%
Gold 4299.39
0.458%
Oil 57.266
-0.824%
USD/JPY 155.873
0.202%
GBP/USD 1.33658
-0.150%
GBP/JPY 208.340
0.053%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Belarusian state media, U.S. envoy Kohler stated that he discussed the issues of Ukraine and Venezuela with Belarusian President Lukashenko.On December 13, the Russian Ministry of Defense stated, "In response to last nights terrorist attacks on civilian targets within Russia by Ukraine, the Russian Armed Forces launched a large-scale strike early this morning against facilities of the Ukrainian military-industrial complex and the energy facilities that support their operation." The Russian Armed Forces used land-based and sea-based precision-guided weapons in the attack, including Kinzhal missiles and drones. Energy and industrial facilities in Odessa were damaged. Much of Odessa is experiencing power outages, water shortages, and heating disruptions. An explosion was also reported in Podolsk, Odessa Oblast. Ukraines DTEK Energy Company stated that 20 substations in the region were damaged.Russian Ministry of Defense: Troops from the Eastern Military District are advancing in a special military operations zone.Turkish President Recep Tayyip Erdoğan: I hope to discuss a Ukraine-Russia peace plan with US President Donald Trump after meeting with Russian President Vladimir Putin.On December 13th, local time, a spokesperson for the Thai Ministry of Defense stated that the latest round of conflict on the Thai-Cambodian border has resulted in the deaths of 15 Thai soldiers and injuries to approximately 270 others. The spokesperson also stated that Thailand has established 970 temporary refugee centers, housing 263,105 people, and that the death toll among Thai civilians has reached 7. Intense clashes erupted on the Thai-Cambodian border on December 7th, with heavy artillery fire heard in multiple locations. Both sides accused the other of firing first.

GBP/USD Price Analysis: Bearish Dollar Pressure Exposes a Drop to Near 1.2500

Daniel Rogers

Apr 27, 2022 09:51

The GBP/USD pair has been collapsing like a house of cards since Friday, when it fell below the two-week-old resistance level of 1.2973. The asset has declined by around 3.70 percent during the last four trading sessions and shows no signs of reversal at the moment.

 

On a daily basis, the negative break of the Falling Channel has bolstered the greenback bulls. The chart pattern's top boundary is drawn from the June 2021 highs of 1.4249, while the lower boundary is drawn from the April 2021 low of 1.3669. When the Falling Channel is broken, volume expands and ticks get wider.

 

The 10- and 20-period Exponential Moving Averages (EMAs) are going down at 1.2838 and 1.2945, respectively, adding to the downside filters.

 

Additionally, the Relative Strength Index (RSI) (14) has moved into the negative zone of 20.00-40.00, indicating the possibility of a new downward impulsive wave.

 

Following a colossal decline, a pullback appears imminent. As a result, investors should wait for a fall to reach the 1.2800 round level roadblock before initiating new short positions. Responsive selling at 1.2800 will pull the asset towards the 1.2600 and 1.2500 round level supports, respectively.

 

On the other hand, if the asset surpasses the psychological resistance level of 1.3000, the cable may perform nicely. This will push the pair closer to Thursday's high of 1.3090, and then to a three-week high of 1.3147.

Daily GBP/USD Chart

image.png 


Suggestion