Forex analytics and overview

GBP/USD – A Bearish Reversal at a Key Fib Level?

2024.02.08 02:59

MarketPulse

  • Fed policymakers sticking to the script
  • US knowledge continues to level to a sturdy financial system
  • Fib rebound might counsel we’ve seen a correction in GBP/USD

It isn’t the busiest week so far as UK and US financial knowledge is anxious however there are nonetheless a few items price keeping track of. As effectively as, in fact, the scattering of central financial institution communicate.

So far, policymakers seem to stay according to the message from the final assembly regardless of Friday’s surprisingly sturdy jobs report.

The providers PMI on Monday was additionally much better than anticipated, additional supporting the view that the financial system is much from struggling below the load of high-interest charges.

https://www.youtube.com/watch?v=SaooG0k7544

Have We Just Seen a Correction in GBP/USD?

But maybe it’s the technicals that would show to be extra attention-grabbing this week.

GBP/USD-Daily Chart

Source – OANDA

On Monday the broke under the neckline of a quadruple prime formation round 1.26. While it has since pulled again, it might simply be a corrective transfer and the rotation off the 50% Fibonacci retracement degree in the present day might assist that view.

GBP/USD-4-Hour Chart

Original Post

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 62,059.63 0.69%
ethereum
Ethereum (ETH) $ 3,439.22 1.41%
tether
Tether (USDT) $ 1.00 0.05%
bnb
BNB (BNB) $ 409.31 0.94%
solana
Solana (SOL) $ 129.25 3.32%
xrp
XRP (XRP) $ 0.624692 5.84%
staked-ether
Lido Staked Ether (STETH) $ 3,433.42 1.43%
usd-coin
USDC (USDC) $ 0.99904 0.22%
cardano
Cardano (ADA) $ 0.741625 10.73%
dogecoin
Dogecoin (DOGE) $ 0.142416 17.64%
avalanche-2
Avalanche (AVAX) $ 42.95 1.05%
chainlink
Chainlink (LINK) $ 21.43 8.19%
tron
TRON (TRX) $ 0.140763 0.42%
shiba-inu
Shiba Inu (SHIB) $ 0.000021 62.74%
polkadot
Polkadot (DOT) $ 8.94 6.05%
matic-network
Polygon (MATIC) $ 1.07 5.30%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 62,084.63 0.65%
the-open-network
Toncoin (TON) $ 2.73 2.48%
uniswap
Uniswap (UNI) $ 12.44 12.44%
bitcoin-cash
Bitcoin Cash (BCH) $ 402.67 27.66%
litecoin
Litecoin (LTC) $ 89.99 5.09%
internet-computer
Internet Computer (ICP) $ 13.43 5.32%
dai
Dai (DAI) $ 0.999581 0.17%
ethereum-classic
Ethereum Classic (ETC) $ 33.33 12.72%
cosmos
Cosmos Hub (ATOM) $ 11.97 5.50%
filecoin
Filecoin (FIL) $ 8.76 5.46%
leo-token
LEO Token (LEO) $ 4.82 0.79%
immutable-x
Immutable (IMX) $ 3.20 0.19%
aptos
Aptos (APT) $ 11.88 2.21%
bittensor
Bittensor (TAO) $ 669.65 3.25%
blockstack
Stacks (STX) $ 2.92 0.42%
near
NEAR Protocol (NEAR) $ 4.06 2.32%
hedera-hashgraph
Hedera (HBAR) $ 0.118882 2.34%
kaspa
Kaspa (KAS) $ 0.172204 0.63%
optimism
Optimism (OP) $ 3.85 2.04%
injective-protocol
Injective (INJ) $ 43.57 5.21%
stellar
Stellar (XLM) $ 0.132458 6.55%
vechain
VeChain (VET) $ 0.05053 5.28%
crypto-com-chain
Cronos (CRO) $ 0.128903 15.08%
okb
OKB (OKB) $ 54.43 5.03%
first-digital-usd
First Digital USD (FDUSD) $ 0.996901 0.02%
lido-dao
Lido DAO (LDO) $ 3.40 0.74%
mantle
Mantle (MNT) $ 0.93139 2.12%
the-graph
The Graph (GRT) $ 0.314392 6.40%
render-token
Render (RNDR) $ 7.63 0.08%
celestia
Celestia (TIA) $ 16.78 1.03%
monero
Monero (XMR) $ 141.74 1.50%
arbitrum
Arbitrum (ARB) $ 1.99 0.49%
sei-network
Sei (SEI) $ 0.849885 0.53%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,787.92 1.60%