SubMinuette (m30)
Great Britain Pound vs US Dollar
Previous review from 24.09.2018 09:29 UTC+00.
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The movement of the GBP/USD currency pair 09-11 October 2018, will be due to the development of the border levels of the channel 1/2 Median Line (1.3065 <-> 1.3053 <-> 1.3042) of the Micro operational scale.
The markup for working out the above levels of the borders of the 1/2 Median Line channel at the operating scale of Micro is presented on an animated graph.
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The prospect of the downward movement (sell)
Breakdown of the support level 1.3042 (lower limit of the channel 1/2 Median line Micro) - > continuation of the downward movement of GBP/USD to the boundaries of the equilibrium zone (1.3035 <-> 1.3010 <-> 1.2990) Micro operational scale fork and 1/2 channel Median Line (1.3025 <-> 1.2997 <-> 1.2970) the pitchfork is of operational scale SubMinuette.
Details are shown on the animated chart.
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The prospect of upward movement (buy)
The breakdown of the resistance level of 1.3065 (upper border of the channel 1/2 Median Line fork operating scale. [B]Micro[B]) -> variant of development of the upward movement of GBP/USD to the objectives -> the starting line SSL SubMinuette (1.3085) <-> reference line UTL Micro (1.3100) <-> local maximum 1.3105 <-> control line UTL SubMinuette (1.3115) <-> warning line UWL38.2 (1.3135) <-> UWL 61.8 (1.3165) fork operational scale SubMinuette.
Details look at the animated chart.
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The review is made without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing orders "sell" or "buy").
Materials for the study of analysis ZUP & APL`s.
The material has been provided by InstaForex Company - www.instaforex.com