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10.08.201812:24 Forex Analysis & Reviews: GBP / USD h4. Variants of traffic development from August 10, 2018 Analysis of APLs & ZUP

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Minute (h4)

Great Britain Pound vs US Dollar

Previous review of 08/06/2018 19:31 UTC + 3.

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The trend of the GBP / USD movement on August 10-24, 2018 will be determined by the direction of the breakdown of the range:

-> resistance level 1.2910 (warning line LWL61.8 forks operating scale Minute);

-> Support level 1.2838 (Minuette operational minimum SSL start-level minimum line)

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The outlook for the development of the upward movement (buy)

Breakout of the resistance level of 1.2910 warning line LWL61.8 operating-scale forks Minute -> development of the GBP / USD upward movement can be continued to the borders of the channel 1/2 Median Line (1.2945 <-> 1.2980 <-> 1.3015) and the equilibrium zone (1.3015 <- - > 1.3075 <-> 1.3125) operating Minuette forks with the prospect of achieving a local maximum of 1.3215.

The details are shown in the graph.

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The outlook for the development of the downward movement (sell)

Breakdown of support level 1.2838 (initial line of SSL forks of operational scale Minuette - local minimum) -> option of continuing the development of the downward movement of GBP / USD to targets -> LTL control line (1.2780) operating-scale forks Minute <-> warning lines of operating-scale forks Minuette < -> LWL38.2 (1.2760) <-> LWL61.8 (1.2705) <-> LWL100.0 (1.2625) <-> LWL161.8 (1.2495).

See the schedule for details.

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The review is made without taking into account the news background and is not a guide to action (placing orders "sell" or "buy").

Exchange Rates 10.08.2018 analysis

ZUP and Andrews Pitchfork (terms, concepts, parameters).Materials for the study of the analysis of ZUP & APL`s.

Ratu Taslim
Analytical expert of InstaForex
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