Categories: Technical analysis

GBPUSD Wave Analysis – 23 August, 2021

• GBPUSD reversed from support zone

• Likely to rise to resistance level 1.3800

GBPUSD recently reversed up from the support zone set between the key support level 1.3600 (which has been reversing the price from the start of February), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impusle from last year.

The upward reversal from this support zone stopped the pervious medium-term ABC correction (2).

Given the prevailing uptrend, GBPUSD can be expected to rise further toward the next resistance level 1.3800 (former support from the middle of August).

The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team

Recent Posts

AUDJPY Wave Analysis – 5 December 2025

AUDJPY: ⬆️ Buy - AUDJPY broke long-term resistance level 102.30 - Likely to rise to…

57 minutes ago

Aptos Wave Analysis – 5 December 2025

Aptos: ⬇️ Sell - Aptos testing major support at 1.688 - Likely to fall to…

58 minutes ago

Pro News Weekly: Market Shake-Up, Dollar Drops, Gold Surges, Bitcoin Wobbles!

Welcome to Pro News Flash! 💵 The U.S. dollar slips 🏆 Major stock indices struggle…

7 hours ago

Solana Wave Analysis – 5 December 2025

Solana: ⬇️ Sell - Solana reversed from resistance zone - Likely to fall to support…

8 hours ago

EURAUD Wave Analysis – 5 December 2025

EURAUD : ⬇️ Sell - EURAUD broke the support level 1.7600 - Likely to fall…

8 hours ago

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

12 hours ago

This website uses cookies