532
I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

GBP/USD: technical analysis

Sergey Logachev

GBP/USD: technical analysis

The pair has a downward trend, which faced a support at 1.3878. There’s a “Flag” pattern, so it's likely to see a decline towards a resistance area at 1.3681 until we've got any bullish reversal pattern. 

GBP/USD: technical analysis

The market has a local downward trend on the one-hour chart. The lower side of  “Flag” was broken and the price started falling down towards a support at 1.3878. It's likely that the pair will go higher to a resistance area between the levels 1.3899 – 1.3931. However, the price might go to a new downward movement afterwards to a support area under the level 1.3681 until any reversal pattern arrives.

GBP
Scroll to top