empty
 
 
17.10.2018 11:04 AM
GBP/USD analysis for October 17, 2018

This image is no longer relevant

Recently, the GBP/USD pair has been trading downwards. The price tested the level of 1.3124. According to the H1 time – frame, I found the breakout of the bearish flag and end of the upward correction (abc flat), which is a sign that sellers are in control. I also found that wave C didn't break the high at 1.3256, which is another sign of weakness. My advice is to watch for opening sell deals with the take profit levels at 1.3086 and at the price of 1.3035.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback