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Minuette (h4)

Great Britain Pound vs US Dollar

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From May 24, 2019, the movement of the currency GBP/USD with a sufficient degree of probability, will continue in the equilibrium zone (1.2630 <-> 1.2710 <-> 1.2795) Minuette operational scale fork.

The marking of the movement options within the equilibrium zone of the Minuette operational scale fork is shown in the animation graphics.

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The prospect of the development of the upward movement (buy)

The breakdown of the level of resistance of 1.2795 (upper boundary of the ISL38.2 equilibrium zone of the Minuette operational scale fork) -> The option of continuing the upward movement of GBP / USD to the upper boundary of the 1/2 Median Line Minuette channel (1.2815) and the equilibrium zone (1.2840 <-> 1.2915 <-> 1.2985) Minuette operating scale fork.

Details are shown in the animated graphics.

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The prospect of the development of the downward movement (sell)

The breakdown of the level of support 1.2630 (lower boundary of ISL61.8 equilibrium zone of the Minuette operational scale fork) followed by updating the minimum 1.2607 and the breakdown of the control line LTL (1.2595) of the Minuette operational scale fork will make the development of the downward movement of the GBP / USD to the final FSL Minuette (1.2340).

Details are shown in the animated graphics.

____________________

The review was compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is also not a guide to action (placing orders "sell" or "buy").

Exchange Rates 24.05.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Ratu Taslim,
Analytical expert
InstaForex Group © 2007-2019
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