GBPUSD Analysis

GBP/USD: Regaining the 100-day moving average before 1.3147, the market is short;

1. From the daily chart, the exchange rate fluctuated and recorded a “swallowed” bearish signal near the important resistance level, and the overnight rebound was affected by the 100-day moving average and 5 The daily average is suppressed. At present, the resistance is around 1.3147. Before regaining the position, the short-term exchange rate is still biased downwards;
2. the initial support is near the last week's low of 1.3053, which is also the 38.2% retracement of the 1.2660-1.3297 rally; Further support near the 1.30 integer mark; 50% retracement support near 1.2979; strong support near 61.8% retracement 1.2904; KDJ dead fork running, MACD red column shrinking and signs of forming a dead fork, also implies short-term The
   trend is downward;
3. further resistance is near the September 19 high of 1.3212, at least need to recover the position, in order to alleviate short-term downside risks.