Minute (Daily)
Great Britain Pound vs US Dollar
Previous review from 08/27/2018 15:25 UTC + 3.
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Today, October 1, 2018, the GBP / USD movement is in the range of:
-> resistance level of 1.3149 (lower limit of ISL 38.2 balance zone of the fork of an operational scale Minute);
-> support level of 1.2949 (upper limit of the channel 1/2 Median Line pitchfork operating scale Minor);
The direction of the breakdown of which will determine the further development trend of the movement of the currency instrument in October 2018
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The breakdown of the resistance level of 1.3149 (ISL 38.2 Minute)
-> the development of the GBP / USD movement will continue in the equilibrium zone (1.3149; 1.3310; 1.3480) of the Minute operating scale with a perspective (after the breakdown of ISL 61.8 Minute - resistance level of 1.3480) achieve the initial SSL line (1.3740) for the operating scale Minor.
Details are shown on the animated graph.
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The prospect of the development of a downward movement (sell).
The breakdown of the support level of 1.2949 (crossing the upper borders of the 1 / 2 ML channels of the operational scale forks; Minor and Minute)
-> the development of the GBP / USD movement will continue in the 1/2 Median Line Minute channel (1.2949; 1.2830; 1.2710), and in the case of breakdown of the lower limit (1.2710) of this channel and updating of the local minimum of 1.2661, it will be possible to achieve the goals
-> 1/2 Median Line Minor (1.2570); the upper limit of the ISL 38.2 (1.2255) balance zone of the pitchfork of the operational scale Minor; the lower boundary of the channel 1/2 Median Line Minor (1.2200).
Details are shown at the animated graphics.
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The review was compiled without taking into account the news background, the opening of trading sessions in the main financial centers and is not a guide to action (placing orders "sell" or "buy").
The material has been provided by InstaForex Company -
www.instaforex.com