Forex analytics and overview

GBP/USD: Flag Pattern Suggests Continuation

07/24/2023

1 minute read

2023.07.24 09:34

Scott Barkley

I have analyzed the current market trend of and noticed a bearish pattern. The currency pair is currently trading at 1.2840 and is in the 3rd wave with a flag pattern in play. The MACD indicator signals a downward trend. If the current support level is broken, we can expect a continuation towards the ATR at 1.2764.

The overall target is the S6 at 1.2530. However, for this to happen, USDX needs to continue moving up. Therefore, it is important to keep an eye on the USDX for direction. The average daily true range (ATR) for the pair is 99 pips per day, with a 90-day average of 94 pips per day. Currently, USDX is moving up.

GBPUSD – Flag pattern says continuation

07/24/2023

1 minute read

Bitcoin (BTC) $ 79,905.41 8.13%

Ethereum (ETH) $ 2,117.37 10.94%

Tether (USDT) $ 0.999529 0.02%

XRP (XRP) $ 2.03 10.19%

BNB (BNB) $ 569.50 7.56%

Solana (SOL) $ 130.38 8.35%

USDC (USDC) $ 1.00 0.00%

Dogecoin (DOGE) $ 0.185178 12.47%

Cardano (ADA) $ 0.594955 12.29%

Lido Staked Ether (STETH) $ 2,114.59 10.81%

TRON (TRX) $ 0.224266 2.41%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 79,809.38 7.89%

Litecoin (LTC) $ 119.04 9.75%

Wrapped stETH (WSTETH) $ 2,527.49 10.95%

Chainlink (LINK) $ 13.70 13.11%

Avalanche (AVAX) $ 20.95 10.32%

LEO Token (LEO) $ 9.21 0.85%

Sui (SUI) $ 2.61 11.47%

the-open-network

Toncoin (TON) $ 3.22 7.87%

Stellar (XLM) $ 0.261059 11.01%

hedera-hashgraph

Hedera (HBAR) $ 0.186507 8.45%

Shiba Inu (SHIB) $ 0.000013 11.18%

USDS (USDS) $ 1.00 0.02%

MANTRA (OM) $ 7.26 0.03%

Polkadot (DOT) $ 4.55 11.85%

Hyperliquid (HYPE) $ 19.36 8.29%

WETH (WETH) $ 2,116.20 10.92%

Ethena USDe (USDE) $ 0.999306 0.08%

Bitcoin Cash (BCH) $ 280.26 7.54%

Bitget Token (BGB) $ 3.80 8.61%

Wrapped eETH (WEETH) $ 2,246.58 10.86%

Uniswap (UNI) $ 7.18 13.33%

Monero (XMR) $ 206.25 3.53%

WhiteBIT Coin (WBT) $ 25.54 3.64%

Aptos (APT) $ 5.84 5.50%

NEAR Protocol (NEAR) $ 2.82 11.14%

Dai (DAI) $ 0.999744 0.00%

Pepe (PEPE) $ 0.000007 12.75%

internet-computer

Internet Computer (ICP) $ 6.14 9.76%

sUSDS (SUSDS) $ 1.04 0.22%

Ondo (ONDO) $ 0.907123 10.91%

Ethereum Classic (ETC) $ 18.27 4.70%

Aave (AAVE) $ 180.99 13.65%

OKB (OKB) $ 42.79 7.08%

Bittensor (TAO) $ 302.65 17.27%

gatechain-token

Gate (GT) $ 19.94 7.85%

Mantle (MNT) $ 0.697256 8.58%

tokenize-xchange

Tokenize Xchange (TKX) $ 29.13 4.21%

coinbase-wrapped-btc

Coinbase Wrapped BTC (CBBTC) $ 79,916.41 8.00%

Official Trump (TRUMP) $ 11.23 15.63%