Technical analysis of the GBPUSD currency pair; 08-01-2023
Deltafx Admin 10 January 2023In the last hours of last week, this currency pair moved in an upward phase to the level of 1.20861, but failed to break its downward trend line. Therefore, we expect the price to be in a downward corrective trend in the coming week, and if it manages to break the trend line, the next target area will be the price level of 1.23349.
Important levels next week GBPUSD
In this section we will study the technical levels of currency pairs and important market symbols, the levels whose failure can determine the trend of the market in the next week, and you can use these levels as profit and loss limits in your transactions.
GBPUSD (Close Price Last week is 1.20861)
(1.09304, 1.11498, 1.14102, 1.17523, 1.19946, 1.22880, 1.26631, 1.29798, 1.31694)
GBPUSD Fibonacci Pivot Point Level
These levels are one of the most important tools for traders, created based on market fluctuations and the closing and opening levels of candles in different time frames. Traders may change them during the coming week with market fluctuations, higher time frames are for longer term transactions and their change in the next week requires more fluctuations and also the failure of the previous levels.
| Time Frame | S3 | S2 | S1 | PP | R1 | R2 | R3 |
| H | 1.2082 | 1.2085 | 1.2091 | 1.2094 | 1.2100 | 1.2103 | 1.2109 |
| 4H | 1.1742 | 1.1810 | 1.1948 | 1.2016 | 1.2154 | 1.2222 | 1.2360 |
| Daily | 1.1628 | 1.1751 | 1.1832 | 1.1955 | 1.2036 | 1.2159 | 1.2240 |
| Weekly | 1.1903 | 1.1953 | 1.2026 | 1.2076 | 1.2149 | 1.2199 | 1.2272 |
| Monthly | 1.1460 | 1.1726 | 1.1913 | 1.2179 | 1.2366 | 1.2632 | 1.2819 |
Pivot Meter:
This section was developed based on standard pivot levels. This tool shows you which of the support and resistance levels the price is currently closest to. With this tool you can choose better levels for profit and loss limit.
GBP Pivot Meter 4H
GBP Pivot Meter Daily
