Intraday technical levels and trading recommendations for GBP/USD for October 15, 2018 888011000 110888 On September 13, the depicted day-to-day downtrend line which cameto satisfy the pair around 1.3025-1.3090 stopped working to offer sufficient bearish pressure on the pair. Since then, the GBP/USD pair has been showing a successful bullish breakout so far.On September 21, the GBP/USD stopped working to demonstrate sufficient bullish momentum above 1.3296. The short-term outlook relied on end up being bearish within the portrayed H4 bearish channel to check the behind of the broken uptrend.Recently, the rate level of 1.2900-1.2940 (the backside of the broken uptrend)demonstrated significant bullish healing which resulted in the recent bullish breakout of the depicted H4 channel.Evident Bullish momentum was demonstrated above 1.3010 and recently above1.3100 (61.8%Fibo level)which resulted in the recent bullish movement towards 1.3200. When it comes to the bullish breakout circumstance to stay legitimate, bullish persistence above 1.3200( SELL-ZONE)is required to keep enough bullish momentum at first towards 1.3280. Bearish persistence listed below 1.3200 hinders the bullish breakout circumstance allowing a further decline towards 1.3090 (61.8%Fibo level)and probably 1.3010(50%Fibonacci level). The product has actually been supplied by InstaForex Company- www.instaforex.com

By | October 15, 2018

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