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trendline shows prices are still rising strongly.
held yesterday's decline in a key Fibonacci level at 1.61185 61.8. trying to get back up to the price level at 1.62567 Fibonacci 100.
if it breaks up it will go up to the magic number at 1.6300, however jka not then prices are going to drop back towards the 61.8 Fibonacci level to the maximum level at 1.60758 Fibonacci 50.
hi all, how are you..
chart for today is showing sides ways with 40 - 90 pips.
i will add 2 pending order : take profit 80 stop 60
buy order today at : 1.6100
sell order today at : 1.6180
GBPUSD Anlysis
SUPPORT LEVEL AND RESISTANT LEVEL
S3: 1.2696
S2: 1.2713
S1: 1.2723
PP: 1.2731
R1: 1.274
R2: 1.2748
R3: 1.2766
If we look at the H1 chart, then we can see that the GBP / USD currency pair is moving within the downward trading channel and another 86 points went down on Friday (1.2797 - 1.2711). To be honest, selling a pair is not at all comfortable (and I didn’t sell it, but I bought it), but I don’t want to buy again (itching), since the couple may well walk by the middle of the 26th figure, and even to the beginning of the 25th figure.
i have my buy position @ 1.6153
set my target today at 1.6185 to be safe.
Also have a pending order sell @1.6225
good luck all.
Data Tipe = Pivot Point
Pair= GBP/USD
Time Frame = Dayly
Resistance 3 = 1.6216
Resistance 2 = 1.6172
Resistance 1 = 1.6155
Pivot Point = 1.6127
Support 1 = 1.6110
Support 2 = 1.6082
Support 3 = 1.6037
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement.
I am not responsible for any errors that occur because the only information from the previous calculation
GBP/USD Today Analysis
Market Trend Bullish
Pivot Point 1.2723
S 1 1.2760
S 2 1.2788
S 3 1.2822
R 1 1.2700
R 2 1.2680
R 3 1.2660
res2 1.6142
ex-high 1.6096
res1 1.6091
pivot 1.6045
sup1 1.5995
ex-low 1.6000
sup2 1.5949
it is a triangle configuration market should break either side acceleration should occur above 1.6068
or under 1.6020 limits
res2 1.6142
ex-high 1.6096
res1 1.6091
pivot 1.6045
sup1 1.5995
ex-low 1.6000
sup2 1.5949
Good day! We can see the pair beneath the day pivot’s level, as well as, the trend line with the main indicators showing a downtrend on the M30 chart. It’ll probably move towards the level of 1.3060 and then, I think it goes up from here towards 1.3125. The increase in volatility has already begun and flowed in the market.