empty
 
 
13.03.2019 08:24 AM
Technical Analysis of GBP/USD for 13/03/2019

Technical Market Overview:

The GBP/USD pair has bounced and rebounded from the technical support located at the level of 1.2959, hit the technical resistance zone located between the levels of 1.3258 - 1.3304 and made a widespread Pin Bar candle with a long upper shadow. In the result, the price reversed back towards the broken trend line and now is trading in the middle of the range. All of this price action is the result of the Brexit decision, so there is a lot of violent, sudden and emotion-driven moves on the GBP pairs. Anyway, the price is still between the two important zones: technical resistance zone between 1.3258 - 1.3304 and technical support zone between 1.2938 - 1.2959. We are waiting for a breakout in either direction, but please remember the trend is still up.

Weekly Pivot Points:

WR3 - 1.3385

WR2 - 1.3316

WR1 - 1.3123

Weekly Pivot - 1.3053

WS1 - 1.2856

WS2 - 1.2781

WS3 - 1.2654

Trading Recommendations:

The targets for the sell orders at 1.3108 and 1.3100, which were opened from the technical resistance zone located between the levels of 1.3258 - 1.3304 are now all closed with profits. No new trades should be opened now as there is no trading setup present. Stay aside for a while and wait for the breakout.

This image is no longer relevant

Sebastian Seliga,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $5000 mais!
    Em Novembro nós sorteamos $5000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback