Forex Analysis & Reviews: 06.08.2022 - GBP/USD analysis on August...

Live Chat

InstaForex Loprais Team - Dakar rally的正式参与者

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

开户

另见

交易条件

外汇分析

图表

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

如何开始交易

有用信息

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM 系统

外汇跟单系统

被动投资

OYS 帐户

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

主页

合作伙伴区域

同盟的优势

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

比赛

事件

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

论坛

我们在社交网络

外汇幽默

外汇门户

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

为什么选择我们

InstaSport

法规

公司新闻

奖项

InstaForex 明星

InstaForex 线下

Headquarters

关键文件

的社会责任

InstaForex - 龙之队的官方合作伙伴

06.08.2022 03:24 PM

GBP/USD analysis on August 5. The pound barely survived the Payrolls and the meeting of the Bank of England.

For the pound/dollar instrument, the wave marking at the moment looks quite complicated but does not require any clarification. The upward wave, which was built between May 13 and May 27, does not fit into the overall wave picture, but it can still be considered corrective as part of the downward trend section. Thus, it can now be concluded that the construction of the upward correction section of the trend is canceled, and the downward section takes a more extended and complex form. I am not a big supporter of constantly complicating the wave marking when dealing with a strongly lengthening trend area. It would be much more practical to identify rare corrective waves, after which new impulse structures would be built. We have completed waves a, b and c, so we can assume that the instrument is now constructing wave d (which may also be already completed). The wave markings of the euro and the pound differ slightly in that for the euro, the downward section of the trend has an impulse form (for now). But the ascending and descending waves alternate almost the same way, and at this time, both instruments can complete the construction of their fourth waves simultaneously. I still expect a new decline in the British pound in the coming days.

The market moved the British quite expectedly on Thursday and Friday.

The exchange rate of the pound/dollar instrument decreased by 90 basis points on August 5. It is very important to tell you that on August 4 (the day of the Bank of England meeting), the pound sterling declined by 150 points but closed the day 10 points above the opening level. Thus, the conclusions I made after the meeting with the British regulator need to be slightly adjusted. The market did not react positively to everything that was voiced by Andrew Bailey and published by the Bank of England unequivocally. At first, the Briton grew, then declined greatly, and then grew strongly. The market's reaction to the American statistics on Friday was much more understandable. Thus, I think that the market did not fully understand the meeting results and did not quite understand what needed to be paid more attention to. Is it a rate hike and a willingness to start unloading the balance sheet or pessimistic forecasts for the British economy? Not having figured out the answer to this question, the market went both ways, just in case, but in general, the British declined by 182 basis points over the last 4 days. I believe this is enough to consider wave d completed and wave e started. If this is true, then the demand for the British should decrease in the coming weeks. We get a wave picture in which demand should continue to fall for both the euro and the pound. From my point of view, this is quite real. We saw this week that the ISM index in the service sector held above the 50.0 mark, and the data on unemployment, Payrolls, and wages turned out to be much better than market expectations. All this suggests that Jerome Powell was right when he spoke about the impossibility of a recession in the American economy in a strong labor market. The dollar may continue to strengthen.

General conclusions.

The wave pattern of the pound/dollar instrument suggests a further decline. I advise now to sell the instrument with targets near the estimated mark of 1.1708, which equates to 161.8% by Fibonacci, for each MACD signal "down." An unsuccessful attempt to break through the 1.2250 mark indicates that the market is not ready to continue buying the British pound.

The picture is very similar to the Euro/Dollar instrument at the higher wave scale. The same ascending wave does not fit the current wave pattern, the same three waves down after it. Thus, one thing is unambiguous – the downward section of the trend continues its construction and can turn out to be almost any length.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Wave analysis

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

2025年6月11日歐元/美元分析

2025年6月11日英鎊/美元分析

2025年6月9日英鎊/美元分析

2025年6月9日歐元/美元分析

2025年6月5日歐元/美元分析

2025年6月4日英鎊/美元分析

2025年6月3日歐元/美元分析

2025年6月3日英鎊/美元分析

2025年6月2日的歐元/美元分析

2025年6月2日英鎊/美元分析

Top analytics