empty
 
 
13.08.2019 03:38 PM
GBP/USD 08.13.2019 -Strong resistance at the price of 1.2100 on the test again, more downside to come

GBP/USd reached both our yesterday's target and after that it started to rally. GBP has been trading upwards in past 8 hours but I found good resistance at the price of 1.2100. Seems like that the level of 1.2100 is critical for this currency pair. As long as the level of 1.200 is holding, I would watch for selling opportunities.

This image is no longer relevant

Green rectangle – Major short-term resistance (1.2100)

Yellow rectangle: - Support 1 (1.2070)

Yellow rectangle Support 2 (1.2038)

Red line – Resistance down slope line

GBP/USD is trading near the important resistance, it is very risky to watch for any buying at this stage. Stochastic oscillator is showing the overbought condition and fresh down cross, which is good confirmation for the downward movement. The overall short-term trend is bearish and you should focus on downward opportunities

Trading recommendation:

Watch for selling opportunities with the targets at 1.2070 and 1.2038.

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback