Important Information

This website is managed by Ultima Markets’ international entities, and it’s important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:

  • You will not be guaranteed Negative Balance Protection
  • You will not be protected by FCA’s leverage restrictions
  • You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
  • You will not be protected by Financial Services Compensation Scheme (FSCS)
  • Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.

Note: UK clients are kindly invited to visit https://www.ultima-markets.co.uk/. Ultima Markets UK expects to begin onboarding UK clients in accordance with FCA regulatory requirements in 2026.

If you would like to proceed and visit this website, you acknowledge and confirm the following:

  • 1.The website is owned by Ultima Markets’ international entities and not by Ultima Markets UK Ltd, which is regulated by the FCA.
  • 2.Ultima Markets Limited, or any of the Ultima Markets international entities, are neither based in the UK nor licensed by the FCA.
  • 3.You are accessing the website at your own initiative and have not been solicited by Ultima Markets Limited in any way.
  • 4.Investing through this website does not grant you the protections provided by the FCA.
  • 5.Should you choose to invest through this website or with any of the international Ultima Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.

Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.

By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Ultima Markets entity.

I confirm my intention to proceed and enter this website Please direct me to the website operated by Ultima Markets , regulated by the FCA in the United Kingdom
Roll Arrow

Focus on GBP/USD Today – 11th January 2024


Comprehensive GBP/USD Analysis for January 11, 2024

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBP/USD for 11th January 2024. 


GBP/USD Key Takeaways 

  • US inflation data: The United States will release the latest CPI data tonight, and the market expects the core annual rate to drop to less than 4%. This may make the Federal Reserve more confident that inflation will return to its 2% target by mid-2024, at which time the dollar may experience a larger decline. 
  • BOE policy differences: There is no important financial data in the UK this week, and the market will focus on the statements made by Bank of England officials. If the word is less specific about monetary policy, the market still expects the BOE to cut interest rates by about 15 basis points lower than the United States. 

GBP/USD Technical Analysis

GBP/USD Daily Chart Insights

GBP/USD Daily Chart Insights By Ultima Markets MT4
  • Stochastic Oscillator: The indicator once again issued a bull signal at the 50 midline, suggesting that bulls have the upper hand in the short term. Based on the fact that the current exchange rate is still in the consolidation range, we can pay attention to long opportunities after waiting to break through the high point. 
  • Price Action: The exchange rate formed a doji bar after touching the black 33-day moving average, and the current exchange rate fluctuates within the range. Such a harami pattern means that investors still need to wait market price to make a clear. 

GBP/USD 1-hour Chart Analysis

GBP/USD 1-hour Chart Analysis By Ultima Markets MT4
  • Stochastic Oscillator: The indicator has entered the overbought area and continues to rise without forming a top divergence pattern, suggesting that bulls currently have the upper hand. 
  • Trend line: A downward trend line has been formed since the high point on January 5. The exchange rate is about to encounter resistance during the Asian session. Beware that GBP/USD encounters resistance and falls back into the rectangular range. 

Trading Central Pivot Indicator

Trading Central Pivot Indicator For GBP/USD
  • According to the trading central in Ultima Markets APP, the central price of the day is established at 1.2710, 
  • Bullish Scenario: Bullish sentiment prevails above 1.2710, first target 1.2765, second target 1.2785; 
  • Bearish Outlook: In a bearish scenario below 1.2710, first target 1.2690, second target 1.2670. 

Conclusion 

Chia sẻ ngay

  • Article Details
  • Article Details
  • Article Details

Thank you for visiting the Ultima Markets website. Please note that this website is intended for individuals residing in jurisdictions where accessing is permitted by law. Ultima and its affiliated entities do not operate in your home jurisdictions.

By clicking on ''Acknowledge'', you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website based on reverse solicitation principles, in accordance with the applicable laws of your home jurisdiction.