Great Britain Pound vs US Dollar
Previous review of 08/06/2018 19:31 UTC + 3.
The trend of the GBP / USD movement on August 10-24, 2018 will be determined by the direction of the breakdown of the range:
-> resistance level 1.2910 (warning line LWL61.8 forks operating scale Minute);
-> Support level 1.2838 (Minuette operational minimum SSL start-level minimum line)
The outlook for the development of the upward movement (buy)
Breakout of the resistance level of 1.2910 warning line LWL61.8 operating-scale forks Minute -> development of the GBP / USD upward movement can be continued to the borders of the channel 1/2 Median Line (1.2945 <-> 1.2980 <-> 1.3015) and the equilibrium zone (1.3015 <- – > 1.3075 <-> 1.3125) operating Minuette forks with the prospect of achieving a local maximum of 1.3215.
The details are shown in the graph.
The outlook for the development of the downward movement (sell)
Breakdown of support level 1.2838 (initial line of SSL forks of operational scale Minuette – local minimum) -> option of continuing the development of the downward movement of GBP / USD to targets -> LTL control line (1.2780) operating-scale forks Minute <-> warning lines of operating-scale forks Minuette < -> LWL38.2 (1.2760) <-> LWL61.8 (1.2705) <-> LWL100.0 (1.2625) <-> LWL161.8 (1.2495).
See the schedule for details.
The review is made without taking into account the news background and is not a guide to action (placing orders “sell” or “buy”).
ZUP and Andrews Pitchfork (terms, concepts, parameters).Materials for the study of the analysis of ZUP & APL`s.
The material has been provided by InstaForex Company – www.instaforex.com