empty
19.07.2024 09:48 AM
Indicator analysis: Daily review of GBP/USD on July 19, 2024

Trend Analysis (Fig. 1)

On Friday, GBP/USD may continue to fall from the level of 1.2940 (yesterday's daily candle close), as it aims for 1.2923 – the 8 EMA (thin blue line). Upon testing this line, the price may start rising with the target of 1.2980 – the 14.6% retracement level (red dashed line).

This image is no longer relevant

Fig. 1 (daily chart)

Comprehensive Analysis:

  • Indicator Analysis – down;
  • Fibonacci Levels – down;
  • Volumes – down;
  • Candlestick Analysis – down;
  • Trend Analysis – up;
  • Bollinger Bands – up;
  • Weekly Chart – up.

General Conclusion:

Today, the price may continue to fall from the level of 1.2940 (yesterday's daily candle close), as it aims for 1.2923 – the 8 EMA (thin blue line). Upon testing this line, the price may start rising with the target of 1.2980 – the 14.6% retracement level (red dashed line).

Alternative Scenario: GBP/USD may continue to fall from the level of 1.2940 (yesterday's daily candle close), as it aims for 1.2885 – the 13 EMA (thin yellow line). Upon testing this line, the price may start rising with the target of 1.2980 – the 14.6% retracement level (red dashed line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 19/06/2025: EUR/USD, USD/CHF, GBP/USD, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 13:52 2025-06-19 UTC+2

Technical Analysis of Intraday Price Movement EUR/GBP Cross Currency Pairs, Thursday June 19, 2025.

With the movement of the EUR/GBP price on its 4-hour chart moving above the WMA (21) which has a slope that is going upwards and the appearance of convergence between

Arief Makmur 11:45 2025-06-19 UTC+2

Technical Analysis of Daily Price Movement of Nasdaq 100 Index, Thursday June 19, 2025.

Although on its daily chart the Nasdaq 100 index appears to be moving above the WMA (30 Shift 2) which has a slope that is going upwards, but being stuck

Arief Makmur 11:45 2025-06-19 UTC+2

Forecast for EUR/USD on June 19, 2025

On Wednesday, the EUR/USD pair resumed its decline after a short pause and by Thursday morning settled right around the 76.4% Fibonacci retracement level at 1.1454. A rebound from this

Samir Klishi 11:20 2025-06-19 UTC+2

Forecast for GBP/USD on June 19, 2025

On the hourly chart, the GBP/USD pair continued its decline on Tuesday and Wednesday after bouncing off the resistance zone of 1.3611–1.3633 and closed below the support zone of 1.3425–1.3444

Samir Klishi 11:13 2025-06-19 UTC+2

GBP/USD: The British Pound Faces the Prospect of a Bank of England Rate Cut

The British currency is under pressure due to the growing likelihood of another divergence in interest rate levels between the Federal Reserve and the Bank of England—not in the latter's

Pati Gani 09:55 2025-06-19 UTC+2

XAG/USD. Analysis and Forecast

At present, silver is consolidating after reaching its highest level since February 2012, following significant gains in the previous session. It is trading just above the round level of $37.00

Irina Yanina 19:13 2025-06-18 UTC+2

Forex forecast 18/06/2025: EUR/USD, USD/JPY, USDX, GOLD and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 18:24 2025-06-18 UTC+2

Trading Signals for EUR/USD for June 18-22, 2025: sell below 1.1540 (21 SMA - 7/8 Murray)

Early in the American session, the euro is trading under bearish pressure around 1.1502, below the 21-SMA and within the uptrend channel formed since early May. If the euro price

Dimitrios Zappas 14:16 2025-06-18 UTC+2

Trading Signals for GOLD (XAU/USD) for June 18-22, 2025: sell below $3,404 (21 SMA - 8/8 Murray)

The price of gold has been consolidating below 3,400 and below the 21SMA. After reaching the 8/8 Murray level at 3,437, gold underwent a technical correction

Dimitrios Zappas 13:00 2025-06-18 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

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?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.