empty
 
 
23.10.2020 01:21 PM
GBP/USD analysis for October 23, 2020 - Completed downside correction and bull flag pattern. Potential for rally towards 1.3180
UK's Truss: If EU won't do a Brexit deal, we will go to Australia terms
  • We want a Canada-style deal and think it is reasonable
  • A Brexit deal can be done
  • We've made some real progress with the EU

For those confused by the terminology, Australia terms simply means a no-deal outcome.

This mainly reaffirms the UK's stance ahead of talks once again. As things stand, the supposed deadline will be the end of the transition period i.e. 31 December but given how many times we've been down this road before, it is hard to take that at face value.

Further Development

This image is no longer relevant

Analyzing the current trading chart of GBP, I found that there is potential completion of the Intraday ABC downside correction, which is good sign for further rise....

1-Day relative strength performance Finviz

This image is no longer relevant

Based on the graph above I found that on the top of the list we got Crude Oil and Lumber today and on the bottom Natural Gas and Lean Hogs.

Key Levels:

Resistance: 1,3150, 1,3180

Support levels: 1,3050

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 $1000 more!
    In April we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 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