Today, the GBP/USD pair is trading in a wide range of $1.2860-1.2960, and it failed to break through the resistance of the MA (200) H1 ($1.2960). The situation is similar on the four-hour chart. If this level is broken, GBP/USD may rise to $1.3005. On the other hand, the pair may still fall below the session low of $1.2860 after the correction ends. The most likely range of price movement to date may be hidden within the range of $1.2860 -1.2960.
⦁ Resistance levels are at: $1.2960, $1.3005, $1.3065-80
⦁ Support levels are at: $1.2845-60, $1.2805, $1.2745
The main scenario for the pair's promotion - breakout of the session high of $1.2960 and probable growth to $1.3005 (October 6 high, October 12 low)
An alternative scenario - breakout of the $1.2845-60 area (lows on October 7 and 14, session low) and the pair's likely decline to $1.2805 (September 30 low)
© 2000-2020. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.