Watch today's GBPUSD Forex Analysis - Downtrend Targeting 1.2210 Daily Support.
Hi Traders, watching price levels on the GBPUSD daily and 4-hour charts.
Price has declined and is testing the 1.2293 weekly support level.
1.2344 4-hour resistance level.
1.2388 - 1.2400 79% fib retracement level, monthly resistance level, and the Figure.
Watching for price to rally and fail at an intraday resistance level for a further decline targeting the 1.2210 daily support level.
If you would like to follow Duncan’s forex trading analysis throughout the week, why not subscribe to the ACY Securities Live Interactive Trading Feed - Telegram Channel?
Simply contact nathan.bray@acy.com to get access.
Register for Duncan's free webinars here:
https://acy.com.au/en/education/webinars
Tonight's Webinar:
01 FEB
A Review of the Recent Forex Trading Patterns – My Top Trading Setups
Wed, 8:00PM SYDNEY TIME
60 mins
In this webinar, Duncan Cooper will review the market structure and the trading patterns that set up during the previous month. He will cover the 79% fib retracement, head and shoulders, double top and double bottom, and range trade patterns. Let hindsight trading become your foresight as you progress on your trading journey. Plus, Duncan will answer all your trading questions in this live interactive webinar.
Catch up with the latest news and market analysis here https://acy.com/en/market-news
Get in touch today:
Web: https://www.acy.com
Twitter: https://twitter.com/ACY_Securities
Facebook: https://www.facebook.com/acy.securities/
#acysecurities #gbpusd #forexanalysis
@ACYSecuritiesAustralia
Disclaimer: Trading involves risk.
Foreign exchange and derivatives trading carries significant risk and is not suitable for all investors. You do not own, or have any interest in, the underlying assets.
Before you decide to trade foreign exchange and derivatives, we encourage you to consider your investment objectives, your risk tolerance and trading experience.
ACY Securities Pty Ltd (AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. You should consider if you are part of our Target Market by reviewing our TMD and read our FSG and PDS to ensure you fully understand the risks. The content of this presentation must not be construed as personal advice and the information in this presentation is prepared without considering your objectives, financial situation or needs; please seek advice from an independent financial or tax advisor if you have any questions.
ACY Securities Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL authorised us to provide financial services to Australian Residents or Businesses.
© 2018 - 2023 ACY Securities is a brand name of ACY AU and ACY LTD, ACY Securities Pty Ltd. All rights Reserved.
Hi Traders, watching price levels on the GBPUSD daily and 4-hour charts.
Price has declined and is testing the 1.2293 weekly support level.
1.2344 4-hour resistance level.
1.2388 - 1.2400 79% fib retracement level, monthly resistance level, and the Figure.
Watching for price to rally and fail at an intraday resistance level for a further decline targeting the 1.2210 daily support level.
If you would like to follow Duncan’s forex trading analysis throughout the week, why not subscribe to the ACY Securities Live Interactive Trading Feed - Telegram Channel?
Simply contact nathan.bray@acy.com to get access.
Register for Duncan's free webinars here:
https://acy.com.au/en/education/webinars
Tonight's Webinar:
01 FEB
A Review of the Recent Forex Trading Patterns – My Top Trading Setups
Wed, 8:00PM SYDNEY TIME
60 mins
In this webinar, Duncan Cooper will review the market structure and the trading patterns that set up during the previous month. He will cover the 79% fib retracement, head and shoulders, double top and double bottom, and range trade patterns. Let hindsight trading become your foresight as you progress on your trading journey. Plus, Duncan will answer all your trading questions in this live interactive webinar.
Catch up with the latest news and market analysis here https://acy.com/en/market-news
Get in touch today:
Web: https://www.acy.com
Twitter: https://twitter.com/ACY_Securities
Facebook: https://www.facebook.com/acy.securities/
#acysecurities #gbpusd #forexanalysis
@ACYSecuritiesAustralia
Disclaimer: Trading involves risk.
Foreign exchange and derivatives trading carries significant risk and is not suitable for all investors. You do not own, or have any interest in, the underlying assets.
Before you decide to trade foreign exchange and derivatives, we encourage you to consider your investment objectives, your risk tolerance and trading experience.
ACY Securities Pty Ltd (AFSL: 403863) provides general advice that does not consider your objectives, financial situation or needs. You should consider if you are part of our Target Market by reviewing our TMD and read our FSG and PDS to ensure you fully understand the risks. The content of this presentation must not be construed as personal advice and the information in this presentation is prepared without considering your objectives, financial situation or needs; please seek advice from an independent financial or tax advisor if you have any questions.
ACY Securities Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC AFSL:403863). Registered address: ACY Tower, Level 18, 799 Pacific Hwy, Chatswood NSW 2067. AFSL authorised us to provide financial services to Australian Residents or Businesses.
© 2018 - 2023 ACY Securities is a brand name of ACY AU and ACY LTD, ACY Securities Pty Ltd. All rights Reserved.
- Category
- Trading Online & Forex Online
- Tags
- trading forex, trading FX, FX trading
Comments