Minuette (h1)
Great Britain Pound vs US Dollar
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GBP / USD from May 21, 2019 will develop its movement depending on the direction of the breakdown of the 1/2 Median Line channel (1.2720 <-> 1.2735 <-> 1.2750) breakdown of the Micro operational scale.
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The development perspective of the upward movement (buy)
The breakdown of the resistance level of 1.2750 (upper limit of the channel 1/2 Median Line Micro) -> the option of reaching the boundaries of the equilibrium zone (1.2760 <-> 1.2780 <-> 1.2805) of the Micro operational scale, and in case of a breakdown of ISL61.8 Micro ) The upward movement of this currency can be continued to the equilibrium zone (1.2840 <-> 1.2880 <-> 1.2920) of the Minuette operating scale.
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The prospect of the development of a downward movement (sell)
The breakdown of support level 1.2720 (lower limit of the channel 1/2 Median Line Micro) -> GBP/USD movement will be directed to targets -> FSL end line (1.2700) of the Minuette <->low of 1.2685 <-> the initial line SSL Micro ( 1.2675) <-> the control line LTL Micro (1.2665) <-> warning line LWL38.2 (1.2625) fork operating scale Minuette .
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The review was compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is also not a guide to action (placing orders "sell" or "buy").
The material has been provided by InstaForex Company - www.instaforex.com