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GBP/USD Technical Analysis - GBP/USD Trading: 2022-09-07
GBP/USD Technical Analysis Summary
Below 1.1452
Sell Stop
Above 1.1523
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Buy |
GBP/USD Chart Analysis
GBP/USD Technical Analysis
The GBPUSD technical analysis of the price chart on 1-hour timeframe shows GBPUSD: H1 is retracing down under the 200-period moving average MA(200) which is declining itself. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 1.1452. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1523. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - GBP/USD
Average house prices resumed growing in UK in August. Will the GBPUSD price rebound resume?
Average house prices resumed growing in UK in August: the Halifax Bank of Scotland reported its House Price Index rose 0.4% over month in August after 0.1% decline July, when a 0.1% increase was expected. This is bullish for GBPUSD. However the current setup is bearish for the pair.
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