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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSeptember 30, 2017 - 08:41
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A peak is formed in daily chart at 1.3655 on 09/20/2017, so more losses to support(s) 1.3265, 1.3120, 1.2965 and more depths is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 57.

Supports and Resistances:

  1. 1.1890
  2. 1.2155
  3. 1.2345
  4. 1.2625
  5. 1.2775
  6. 1.2965
  7. 1.3120
  8. 1.3680
  9. 1.3835
  10. 1.4045
  11. 1.4565
  12. 1.4950
  13. 1.5815
  14. 1.6455
  15. 1.7180
Click on the level to view price action history.

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