Wednesday, November 2, 2016

GBP/USD

Summary :
Target Level : 1.228
Target Period : 2 days

Analysis :
Ascending Triangle identified at 02-Nov-00:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2280 within the next 2 days.

Supporting Indicators :
Upward sloping Moving Average

Resistance Levels :
( B ) 1.228Last resistance turning point of Ascending Triangle.

Support Levels
( A ) 1.2215Last support turning point of Ascending Triangle.



Chart date range :
19-Oct-16:00 GMT-> 02-Nov-08:00 GMT
Data interval : 4 hour
RSI:34 Candles
MA:34 Candles