Technical analysis of GBP/USD for July 27, 2018 888011000 110888 Overview: Pivot point: 1.3115. The GBP/USD pair remains in the bullish trend from the assistance levels of 1.3056 and 1.3115. The cost is presently in a bullish channel. This is validated by the RSI indication signaling that we are still in a bullish trending market. As the rate is still above the moving average (100 ), immediate support is seen at 1.3115, which coincides with daily pivot point. The first assistance is set at the level of 1.3115. So, the marketplace is likely to show indications of a bullish pattern around the area of 1.3115. In other words, purchase orders are suggested above the pivot(1.3115) with the very first target at the level of 1.3209. Furthermore, if the pattern has the ability to breakout through the very first resistance level of 1.3209. We should see the set climbing up towards the double top( 1.3362)to check it in the long term. It would likewise be wise to think about where to place a stop loss; this ought to be set below the 2nd support of 1.3050.The material has been provided by InstaForex Business- www.instaforex.com

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