• Duncan Cooper , Senior Market Strategist & Trading Mentor at ACY


• 01.03.2022 09:30 am
#stocks , Duncan Cooper is a full-time trader and mentor and the Senior Market Strategist at ACY Securities. Trading full-time since 2009, Duncan's insights are from the battleground of real-time markets, not theory, and he thrives on educating traders to reach their financial goals.

Watch the video for a summary of this week’s news releases, a review of the USD Index, and a complete Top Down Analysis of the GBPUSD. Review my previous GBPUSD analysis here.

GBPUSD Weekly:

Weekly support at 1.3357 and 1.3168, resistance at 1.3643.

Weekly chart is in a downtrend showing lower tops and a lower bottom. Price had a very negative week last week breaking below the recently formed higher bottom turning the trend back to down.

GBPUSD Daily:

Daily support at 1.3273, resistance at 1.3430,1.3490, and 1.3627.

Daily chart is in a downtrend showing a lower top and lower bottom. Price may be overextended in the short term and could rally back to the 1.3490 daily resistance level before declining further.

Looking to sell a rally on the 4 hour chart. Watch the video for a full break down of my analysis on how you could trade this pair to the downside based on the 4 hour chart.

Target 1.3168 weekly support.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

Watch the video for a summary of this week’s news releases, a review of the USD Index, and a complete Top Down Analysis of the GBPUSD. Review my previous GBPUSD analysis here.

GBPUSD Weekly:

Weekly support at 1.3357 and 1.3168, resistance at 1.3643.

Weekly chart is in a downtrend showing lower tops and a lower bottom. Price had a very negative week last week breaking below the recently formed higher bottom turning the trend back to down.

GBPUSD Daily:

Daily support at 1.3273, resistance at 1.3430,1.3490, and 1.3627.

Daily chart is in a downtrend showing a lower top and lower bottom. Price may be overextended in the short term and could rally back to the 1.3490 daily resistance level before declining further.

Looking to sell a rally on the 4 hour chart. Watch the video for a full break down of my analysis on how you could trade this pair to the downside based on the 4 hour chart.

Target 1.3168 weekly support.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.