Sterling Price Chart: British Pound Testing Post-Brexit Support

• GBP/USD testing critical confluence support at 1.2374-1.2433 – Focus is on the weekly close

  英镑兑美元在1.2374-1.2433测试关键汇流支持 - 焦点在于每周收盘

The British Pound is down near 0.75% against the US Dollar this week with Sterling testing a major support confluence just below the January lows. These are the updated targets and invalidation levels that matter on the GBP/USD weekly price chart. Review my latestWeekly Strategy Webinar for an in-depth breakdown of this gold price setup and more.

英镑兑美元汇率下跌近0.75％本周美元兑英镑在1月低点附近测试了主要支撑汇合点。这些是英镑/美元周价格图表中的更新目标和失效水平。查看我最新的周刊策略网络研讨会，深入了解这个黄金价格设置等。

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GBP/USD Price Chart - Sterling Weekly

英镑/美元价格走势图 - 英镑每周

Notes: In my last GBP/USD Price Outlook we highlighted that, “Sterling has preserved the monthly opening-range heading into the final days of June with price failing today at yearly open resistance. From a trading standpoint, the risk is for correction off this threshold – watch todays close, an outside-day reversal would further highlight the near-term threat for a move lower in the British Pound.” A break below the June range-lows early in the month has seen Cable drop to two-year lows with price now testing a key support confluence.

注：我上一次英镑/美元价格展望我们强调，“英镑已经保持了6月最后几天的月度开盘价，今天的价格在年度开放阻力位上失败。从交易的角度来看，风险是修正这个门槛 - 观察今天的收盘价，外盘逆转将进一步凸显近期英镑走势的威胁。”早盘跌破6月区间低点在本月已经看到英镑跌至两年低点，现在价格正在测试关键支撑汇合点。

The zone in focus is 1.2374-1.2433 – a region defined by the 2016 post-Brexit low-week close and the 2017 low-week close. Note that channel support also converges on this threshold and further highlights its technical significance. A break / weekly close below would expose subsequent support objectives at the 61.8% extension at 1.2185. Monthly open resistance stands at 1.2695 with broader bearish invalidation steady at 1.2754/64 (critical) where the objective 2019 open converges on the 38.2% retracementof the yearly range – a breach there would shift the focus towards the February low-week close at 1.2888.

关注的区域是1.2374-1.2433 - 2016年英国退欧后低周收盘和2017年低周收盘所定义的区域。请注意，渠道支持也会收敛于此阈值，并进一步突出其技术意义。下方休息/每周收盘将使后续支撑目标暴露在61.8％扩展至1.2185。月度开盘阻力位于1.2695，更广泛的看跌失效稳定在1.2754 / 6（关键）当2019年开放的目标收敛于年度区间的38.2％回撤位时 - 突破将使焦点转向2月低位收盘时的1.2888。

For a complete breakdown of Michaels trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

完整细分Michaels交易策略，回顾他的技术分析基础系列建立交易策略

Bottom line: Sterling is a testing a critical support zone this week and from a technical standpoint, leaves the broader short-bias at risk while above 1.2374. From a trading standpoint, a good spot to reduce short exposure / lower protective stops. Be on the lookout for downside exhaustion here – Ill publish an updated Sterling Price Outlook once we get further clarity in near-term GBP/USD price action.

底线：Sterling本周是从技术角度测试关键支撑区域，在1.2374以上时，更大的短期偏见处于风险之中。从交易的角度来看，这是减少短期曝光/降低保护性停留的好地方。继续关注下行疲惫 - 一旦我们进一步明确近期英镑/美元价格行动，我会发布更新的英镑价格展望。

Sterling Trader Sentiment (GBP/USD)

Sterling Trader Sentiment（GBP / USD）

• A summary of IG Client Sentiment shows traders are net-long GBP/USD - the ratio stands at +3.57 (78.1% of traders are long) – bearish reading

  IG客户情绪摘要显示，交易者持有净多头英镑/美元 - 该比率为+3.57（占比的78.1％）交易者很长） - 看跌看跌

• Traders have remained net-long since May 6th; price has moved 3.3% lower since then

  自5月6日以来，交易者仍然持有净多头;此后价格已下跌3.3％

• Long positions are 7.8% lower than yesterday and 5.8% lower from last week

  多头头寸比昨天减少7.8％，比上周减少5.8％

• Short positions are 3.5% lower than yesterday and 19.4% higher from last week

  空头头寸比昨天减少3.5％，比上周增加19.4％

• We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall. Yet traders are less net-long than yesterday & compared with last week and the recent changes in sentiment warn that the current GBP/USD price trend may soon reverse higher - despite the fact traders remain net-long.

  我们通常采取逆向观点来看待人群情绪，而且交易商净多头表明英镑/美元价格可能继续下跌。然而，与上周相比，交易商的净持有量较上周减少，而近期的情绪变化警告称，目前的英镑/美元价格趋势可能很快反转走高 - 尽管交易者仍然保持净多头。

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经济日历 - 最新经济发展和即将发生的事件风险。在我们的免费指南中了解更多关于我们如何交易新闻的信息！

Previous Weekly Technical Charts

以前的每周技术图表

• Loonie (USD/CAD)

  Loonie（美元/加元）

• Aussie (AUD/USD)

  澳元（澳元/美元）

• Gold (XAU/USD)

  黄金（XAU / USD）

• Crude Oil (WTI)

  原油（WTI）