Minuette (h1)
Great Britain Pound vs US Dollar
Previous review from 10/05/2018 11:07 UTC + 3.
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The currency pair GBP / USD, at the time of the review, is in the range:
> resistance level of 1.3105 (lower limit of the channel 1/2 Median Line Minuette);
> support level of 1.3055
> the upper limit of the channel 1/2 Median Line fork of the operational scale Micro;
> the direction of the breakdown of which will determine how further will be the development of the movement of this currency instrument.
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The prospect of the development of a downward movement (sell).
The breakdown of the support level of 1.3055 will make the further development of the movement of GBP / USD within the 1/2 of the Median Line channel (1.3055 - 1.3030 - 1.3010) and the equilibrium zone (1.3020 - 1.2985 - 1.2950) of the Micro c operational scale relevant possible achievement of support levels of 1.2940 (control line LTL forks operating scale Minuette) - 1.2930 (final Shiff Line Micro) - minimum of 1.2921.
Details are shown on the animated graph.
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The development perspective of the upward movement (buy).
The breakdown of the resistance level of 1.3105.
The development of the GBP / USD movement will develop within the borders of the 1/2 Median Line channel (1.3105 - 1.2155 - 1.3210) of the Minuette operating scale with the prospect of reaching the Median Line Minuette (1.3265).
Details are shown on the animated graph.
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The review was compiled without taking into account the news background, the opening of trading sessions of 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