Para traders

Analytical Reviews

Technical analysis

18.10.201910:59 Forex Analysis & Reviews: Technical analysis of GBP/USD for October 18, 2019

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Overview:

All market conditions being clearly strongley bullish.

So, the GBP/USD pair is continuing to trade in a bullish trend from the new support level of 1.2814 in rder to form a bullish channel.

According to the previous events, we expect the pair to move between 1.2814 and 1.3196. The common currency pair posted the second bullish week in a row and now is approaching the next resistance level at 1.2989.

The next resistance located at the level of 1.3098 is the next bullish objective to be reached. A bullish break in this resistance would increase the bullish momentum. The bullish movement could then continue towards the next resistance located at the 1.3196 level.

Then, we may anticipate potential testing of 1.3196 to take place soon.. Since there is nothing new in this market, it is not bearish yet.

RSI and 100-MA indicators confirm the bullish view of this analysis in the very short term.

The common currency pair posted the second bullish week in a row and now is approaching the next resistance level at 1.2989.

The bullish trend is currently very strong for the GBP/USD pair. As long as the price remains above the support at 1.2814, you could try to take advantage of the bullish rally.

Overall, we still prefer the bullish scenario which suggests that the pair will stay above the zone of 1.2686 and 1.2814 today. However, be careful of excessive bearish movements.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.