empty
 
 
02.10.2019 01:08 PM
Technical analysis of GBP/USD for October 02, 2019

This image is no longer relevant

Overtime;

The GBP/USD pair continues moving in a bullish trend from the support level of 1.2204. Currently, the price is in a bullish channel.

In the short term, further close above the high end may cause a rally towards 1.2291. Nonetheless, the weekly resistance level and zone should be considered.

The resistance is seen at the levels of 1.2291 and 1.1345. Volatility is very high for that the GBP/USD pair is still expected to be moving between 1.2204 and 1.1345 in coming hours.

We expect the GBP/USD pair to continue to trade in a bullish trend from the new support level of 1.2204 to form a bullish channel. Also, it should be noted that major resistance is seen at 1.1345, while immediate resistance is found at 1.2291.

According to the previous events, the pair is likely to move from 1.2204 towards 1.2291 and 1.1345 as targets.

The trend is still above the 100 EMA for that the bullish outlook remains the same as long as the 100 EMA is headed to the upside.

On the contrary, if a breakout takes place at the resistance level of 1.2204, then this scenario may become invalidated.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback