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GBP/USD Technical Analysis - GBP/USD Trading: 2021-12-13
GBP/USD Technical Analysis Summary
Above 1.3264
Buy Stop
Below 1.3221
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
GBP/USD Chart Analysis
GBP/USD Technical Analysis
The technical analysis of the GBPUSD price chart on 1-hour timeframe shows GBPUSD,H1 has breached above the 200-period moving average MA(200) which is falling itself. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.3264. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.3221. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic 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
UK’s House Price Index continued declining in December . Will the GBPUSD price rebound reverse?
UK’s House Price Index continued declining in December: Rightmove reported the House Price Index (HPI) in UK fell 0.7% over month in December after 0.6% decrease in November. This is bearish for GBPUSD. However the current setup is bullish for the pair.
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