empty
 
 

20.10.202114:53 Forex Analysis & Reviews: GBPUSD turns lower.

In our last analysis on GBPUSD we warned that price was approaching an important resistance area and a pull back was expected and justified. In our analysis we noted that a pull back towards 1.3740-1.37 was expected to come soon. Price today made a low at 1.3741.

Exchange Rates 20.10.2021 analysis

Black lines - bearish channel

Red lines- bullish channel

GBPUSD is pulling back. However price remains inside the short-term upward sloping red channel. Support at the red channel is at 1.3675. As long as price holds above this level, short-term will remain under the control of bulls. Resistance remains key around 1.38. Price is making higher highs and higher lows after the major low at 1.3410 at the end of September. This up trend is valid as long as the red channel is not broken downwards.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.