See also
02.02.2024 09:20 AMTrend analysis (Fig. 1).
The GBP/USD currency pair may move upward from the level of 1.2739 (closing of yesterday's daily candle) to 1.2756, the 85.4% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible with a target of 1.2733, the historical support level (blue dotted line). From this level, the upward trend may resume.
Fig. 1 (daily chart).
Comprehensive analysis:
General conclusion: Today, the price may move upward from the level of 1.2739 (closing of yesterday's daily candle) to 1.2756, the 85.4% pullback level (blue dotted line). In the case of testing this level, a downward movement is possible with a target of 1.2733, the historical support level (blue dotted line). From this level, the upward trend may resume.
Alternatively, the price may move upward from the level of 1.2739 (closing of yesterday's daily candlestick) to 1.2756, the 85.4% pullback level (blue dotted line). In the case of testing this level, a continued upward movement is possible.
Our new app for your convenient and fast verification
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
