Intraday technical levels and trading suggestions for GBP/USD for September 14, 2018 888011000 110888 The current bearish momentum of the GBP/USD has actually shown indications of weakness considering that September 5 when a rising bottom was established around 1.2800 The GBP/USD set is currently testing the illustrated drop line which comes to fulfill the pair around 1.3025-1.3090. This rate zone( 1.3025-1.3090)represents 50 %and 61.8%Fibonacci levels where evident bearish rejection must be anticipated.As long as effective bullish breakout above 1.3090 is maintained, further bullish improvement will most likely take place towards 1.3200, 1.3250 and 1.3315. On the other hand, any bearish decline below 1.3020(50%Fibo level)will probably invalidate the bullish breakout scenario. Thus, the short-term outlook would stay bearish to 1.2840 and 1.2780. The product has been offered by InstaForex Company- www.instaforex.com

By | September 14, 2018

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