Status: The trend is slowing down (in the long run) as it is facing major resistance at 1.42 level when this pair is showing signs of exhaustion reflected in pulldowns towards EMA 15 level (sluggish in the short run). EMA 50 at 1.372 level and EMA 200 at 1.325 level on the daily chart. R1 at 1.425 and R2 at 1.44 whereas S1 at 1.395 and S2 at 1.38. On the daily chart, this pair changed by +0.10% for the day.
Technically: While this pair is above EMA 15 on the daily chart, it is experiencing pulldowns towards EMA 15 level in the wake of dollar coming back to the scene and overbought status.
Risk: This pair hit major resistance at 1.42 level when the US Dollar seems to recover as reflected by Gold price, which is falling. This pair's momentum will be affected with liquidity movement to another monetary asset.
Disclaimer:
No statement in the video is to be considered as a recommendation or solicitation to buy or sell or to provide investment, tax or legal advice.
(GBPUSD Technical Analysis for Monday 1-Mar-2021) GBPUSD Daily Chart GBPUSD Monthly Chart Status: While the trend is slowing down (in the long run) as in response to strengthening US Dollar, it will resume its gradual climb towards 1.42 level hitting EMA 15 level (sluggish in the short run). EMA 50 at 1.373 level and EMA 200 at 1.326 level on the daily chart. R1 at 1.415 and R2 at 1.425 whereas S1 at 1.395 and S2 at 1.375. On the daily chart, this pair changed by -0.59% for the day. Technically: This pair is back into an uptrend pattern riding EMA 15 on the daily chart but it may experience other pulldowns towards EMA 50 level in the wake of dollar coming back to the scene. Risk: This pair hit major resistance at 1.42 level when the US Dollar seems to recover as reflected in Gold fluctuations (which is falling). This pair's momentum is being affected by liquidity movement into another monetary asset but will re-start its journey again (gradual climb). Disclaimer: No statement i
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