GBP/USD Daily. Prospects for the development of the movement from July 04, 2018 the Analysis APLs & ZUP
Great Britain Pound vs US Dollar
Previous review from 15.06.2018 17:47 UTC+3.
GBP/USD does not want to be determined with the development of its upward movement and remains in a fairly wide range:
-> the lower limit of the channel 1/2 Median Line (the resistance level of 1.3160) of the operating-scale forks Minute;
-> reaction line RL23.6 (support level 1.3160) pitchfork of the operational scale of the Minor; accordingly, the direction of breakdown of this range and will determine what further, in July 2018, will begin to flow with the development of the movement of this currency instrument.
The prospect of a downward movement (sell)
The breakdown of the support level 1.3160 (reaction line RL23.6 forks of operating scale Minor), with subsequent breakdown of levels -> 1.3090 (upper border of the channel 1/2ML Minor) <-> 1.3048 (local low) <-> 1.3000 (control line LTL fork operational scale Minute) -> the option of continuing the movement of GBP/USD in the channel borders 1/2 Median Line (1.3090 <-> 1.2700 <-> 1.2330) the forks of operating scale Minor.
See chart for the details.
Break of the resistance level 1.3370 -> the development of the GBP/USD movement will arise within the boundaries of the channel 1/2 Median Line (1.3370 <-> 1.3470 <-> 1.3570) and equilibrium zone (1.3570 <-> 1.3720 <-> 1.3870) trading recommendations.
The details are shown in the graph.
The review is made without taking into account the news background and is not a guide to action (placing orders “sell” or “buy”).