GBP/USD Forecast: removed the new week with a week's interval, doing business on high ground. Expectations are increasing for the braxit deal. What level should we look at?
The technical quarantine indicator shows that the cable faces immediate resistance around 1.3050 where we see simple moving averages 200-4h, SMA 100-a-day, and Fibonacci 61.8% a month's convergence.
The next level to watch is 1.3125, which is convergent of Pivot Point One-Day Resistance 3, PP One-Month R1, Bollinger Band 4H-Upper, and PP One-Week R1.
Seeing below, immediate support is at 1.2990, under the round number of 1.3000 only. Cuban includes Fibonacci 38.2% a day, SMA 5-1h, Bollinger band 1 H-Middle, BB 15-Middle, SMA 10-15 m, SMA 50-15 m, and other levels.
The next support line is approximately 1.2915, which is a cluster, which includes Fibonacci 38.2% a week, Fibonacci 38.2% a month and Bollinger band 4 H-Middle.
The technical quarantine indicator shows that the cable faces immediate resistance around 1.3050 where we see simple moving averages 200-4h, SMA 100-a-day, and Fibonacci 61.8% a month's convergence.
The next level to watch is 1.3125, which is convergent of Pivot Point One-Day Resistance 3, PP One-Month R1, Bollinger Band 4H-Upper, and PP One-Week R1.
Seeing below, immediate support is at 1.2990, under the round number of 1.3000 only. Cuban includes Fibonacci 38.2% a day, SMA 5-1h, Bollinger band 1 H-Middle, BB 15-Middle, SMA 10-15 m, SMA 50-15 m, and other levels.
The next support line is approximately 1.2915, which is a cluster, which includes Fibonacci 38.2% a week, Fibonacci 38.2% a month and Bollinger band 4 H-Middle.
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