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Conflict Situation: 1. Israel launches attacks in southern Lebanon. 2. Iran claims to have destroyed a US-Israeli "terrorist group" within its territory. 3. Iranian Army Commander-in-Chief: The enemy failed to achieve its war objectives; Iran has won. 4. Palestinian residents attempting to protect their properties are attacked by Israeli settlers. 5. NBC News team is attacked and beaten with sticks by Israeli settlers in the West Bank. 6. Israel Defense Forces: A Noukba company commander and a Hamas sniper are killed in the Gaza Strip. Strait of Hormuz: 1. Irans Deputy Foreign Minister states there is no rush to reopen the Strait of Hormuz. 2. Iran claims the Strait of Hormuz is "completely closed": all transit vessels have received Iranian permission. 3. Bessant claims 130 million barrels of crude oil are being channeled through the strait; Iranian Parliament Speaker: This is a lie. 4. According to Irans Press TV: Security sources indicate that claims about large quantities of oil being transported through the southern route of the Strait of Hormuz are inconsistent with the actual situation. Claims that the US is transporting oil through the southern Strait of Hormuz are part of a US strategy to lower energy prices. Other matters: 1. Iran says US military bases in the region are only for protecting Israel. 2. US Central Command says approximately 50,000 US troops are deployed in the Middle East. 3. The US military plans to punish the sailors who jumped aboard the USS Lincoln. 4. Iranian media: $7.5 billion in oil revenue has been transferred to the Central Bank of Iran. 5. Qatari and Turkish foreign ministers spoke by phone to discuss easing tensions in the Middle East. 6. Iranian Foreign Minister: US government officials are manipulating the energy market for personal gain. 7. US sanctions against Egyptian banks UAE branch; UAE Central Bank to conduct emergency inspection. 8. Israels National Security Agency: Previously, they urgently "rescued" Netanyahus eldest son from the US. 9. US Embassy in Lebanon: Hezbollah continues to refuse to negotiate with the US and Israel on disarmament. 10. Iranian government statement: Iran pledges to resolutely resist US sanctions; diplomacy and defense are "complementary and inseparable."August 30th - A press conference on the "8.26" mudslide disaster in Gyirong, Tibet, was held today (August 30th) in Gyirong Town. On the morning of August 26th, a mudslide on the Nepalese side caused significant casualties and missing persons at the Gyirong Port in Gyirong County, Shigatse City, Tibet. Analysis indicates that the most prominent risk hindering the disaster response was the landslide dam located above the core area of the border crossing. The dam has already overflowed and is currently in stable condition, with a low probability of a complete collapse.On August 30th, a press conference was held in Gyirong Town, Tibet, regarding the "8.26" mudslide disaster. On the morning of August 26th, a mudslide occurred on the Nepalese side, causing significant casualties and missing persons at the Gyirong Port in Gyirong County, Shigatse City, Tibet. The conference explained that this disaster was caused by glacial instability due to long-term climate warming. The disaster was sudden, with a large peak flow, rapid movement, strong destructive power, and a wide impact area, representing a new and significant characteristic of cryosphere disasters in the Qinghai-Tibet Plateau and surrounding areas. Monitoring revealed that the ice avalanche took only about 6 to 7 minutes from its occurrence to its impact on the Gyirong Port in my country.On August 30, it was learned from a press conference held by the Information Office of the Peoples Government of Tibet Autonomous Region that, through a joint comprehensive search and comparison of clues conducted by multiple departments including foreign affairs, public security, culture and tourism, and emergency response, 261 missing foreign nationals have been identified in the investigation of the Gyirong landslide disaster in Tibet. These individuals come from 23 countries: Kazakhstan (1), Malaysia (3), Nepal (104), India (49), South Africa (4), Ireland (2), Estonia (2), Germany (3), Russia (3), France (2), Finland (1), Netherlands (2), Latvia (33), Lithuania (1), Portugal (1), Ukraine (1), Spain (1), Hungary (1), United Kingdom (15), Canada (6), United States (18), Australia (6), and New Zealand (2). The Chinese side has notified the relevant embassies and consulates in China.According to Icelandic Broadcasting Corporation: Partial results of Icelands referendum on restarting EU accession negotiations show that the "yes" vote is leading by a narrow margin.

GBP/USD Price Analysis: Dollar Bulls Defend the 20-EMA, with 1.3000 in Sight

Drake Hampton

Apr 07, 2022 10:16

  • Failure to break above the 20-EMA will exacerbate the suffering for sterling bulls.

  • The RSI has fallen below 40.00, indicating that there is no hint of divergence and an oversold condition.

  • A location beneath the symmetrical triangle will generate substantial proposals for the cable.

 

After three tumultuous trading days in April, the GBP/USD pair has sensed selling pressure to roughly 1.3167. The pound bulls have been stymied by the 20-period Exponential Moving Average (EMA) around 1.3095.

 

On a four-hour time scale, the cable has settled itself comfortably beneath the symmetrical triangular formation. This will result in significant volume growth for the asset in the future. The chart pattern's top boundary is represented by the March 25 high of 1.3225, while the lower boundary is marked by the March 15 low of 1.3000.

 

 

At 1.3114, the 50-EMA is scaling lower, adding to the downside filters. Additionally, the Relative Strength Index (RSI) (14) has fallen below 40.00, indicating that additional suffering is imminent. The RSI is not indicating divergence or an oversold condition.

 

A break below Tuesday's low of 1.3067 will bolster greenback bulls, and the pair may fall to the March 16 low of 1.3036, followed by psychological support around 1.3000.

 

On the other hand, the asset will march toward Tuesday's high of 1.3167 after breaching the 50-EMA at 1.3114. If the latter is breached, the asset will be pushed towards the round level resistance at 1.3200.

Four-hour chart of the GBP/USD

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