Ultima Markets[Market Analysis] Whether the GBP correction is in place depends on this...

todayUltima Markets Bringing you 2024year 3month 13日英镑兑美元In depth analysis.

Fundamental points

• U.S.ACPI意外回升：昨日美国公布的核心CPIThe monthly and annual rates are higher than expected, but the coreCPIThe annual rate has fallen to a low of two and a half years. The expectation of interest rate cuts remains questionable, and the market is currently concerned that the Federal Reserve will lower interest rates next week on a dot matrix chart3Expected decrease in time1Times.
• 英央行行长贝利讲话：英国央行行长贝利今日凌晨最新发言表示，长期通胀预期变动不大，同时对第二轮通胀效应的担忧已减轻。市场目前预期英国央行将在在8月才会开始降息。重点关注今日英国GDP经济是否受到考考验。
  

technical analysis

Daily chart analysis

(GBP/USD daily chart, sourceUltima Markets MT4）

• Random oscillation indexThe indicator sent a downward signal in the overbought area yesterday, indicating that bearish forces will have the upper hand in the short term. However, we need to wait for the exchange rate to further fall below yesterday's low before we can focus on short selling opportunities.
• Supporting price range：上行通道线和下行趋势线联合组成了支撑价位，阻碍汇价进一步下跌。同时下行趋势线一带也是蓝色33日均线附近，因此汇价若跌破该价位则英镑或将迎来贬值趋势。
  

1Hour chart analysis

(GBP USD)1Hour chart, sourceUltimaMarkets MT4）

• 均线区间：短期均线组和绿色240周期均线联合组成了震荡区间，汇价短期或将在区间内调整。英镑整体趋势不断下行，若继续跌破区间则英镑将明确深度贬值趋势的到来。
• Fibonacci retreat：汇价目前处于反弹趋势中，上方50%斐波那契回撤位附近也是前期高点价位。因此英镑若能上破1.2820一带，则英镑反转趋势将大概率来临。
  

Trading CentralHub Line Indicators

(GBP USD)30Minute chart, sourceUltima Markets APP）

• according toUltimaMarkets APPInTradingCentralHub line indicators, central price range for the day1.2810，
• 1.2810Upward bullish, first goal1.2830Second objective1.2850
• 1.2810Under bearish, first target1.2765Second objective1.2745
  

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.Ultima MarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.