empty
 
 
18.01.2019 02:00 PM
GBP/USD short-term technical levels with Linear Channels and trading recommendations for January 18, 2019

Blue channel is based on the price movement of yesterday.

Violet channel is based on the previous two-day consolidations.

Yellow channel is based on the previous three-day consolidations.

This image is no longer relevant

The recent bullish movement of the GBP/USD pair which started around 1.2700, has lost much of its bullish momentum since Wednesday.

Lack of enough bullish momentum is demonstrated on the chart so that Today's recent movements have turned into sideways consolidations.

The pair is currently moving within the depicted narrow channel (Violet channel) after a bearish breakout of the BLUE channel was demonstrated earlier today.

Looking to the downside, the GBP/USD pair has an Intraday support located around 1.2900 which corresponds to mid-range of the yellow channel.

Any bearish pullback towards 1.2900 can be considered for a short-term BUY position.

On the other hand, any decline below 1.2900-1.2880 (Mid-Range Support) enables a deeper decline towards 1.2830 and 1.2780 where the lower limit of the yellow channel is located.

Having a look to the upside, the GBP/USD pair has a key-resistance zone around 1.3020 where bearish rejection may be anticipated.

That's why, obvious bullish breakout above 1.3020 is mandatory for BUYERS to pursue towards 1.3080-1.3100.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $9000 lebih lagi!
    Dalam Mei kami membuat cabutan bertuah $9000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget