empty
 
 
12.09.2019 05:42 PM
GBP/USD 09.12.2019 - End of the downward correction and potential new bullish wave

GBP did exactly what I expected yesterday. The price went to test major support at the level of 1.2295 and found aggressive buyers, which is strong side for further upside movement. I still expect further upside and end of the downward correction.

This image is no longer relevant

Green lines – Corrective channel

Purple horizontal lines – Resistance levels and upward targets

GBP is in complex corrective structure in my opinion and there is still chance for more upside. The momentum from September 9 is still active and it just question of the time when the new buyers will join and that upward movement will continue. Resistance levels are seen at 1.2375 and 1.2430. Major short term support level is set at 1.2295. MACD oscillator is not important at this point when GBP is correcting but it is going higher on the hourly time-frame.

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 $1000 lebih lagi!
    Dalam April kami membuat cabutan bertuah $1000 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