Technical analysis of GBPUSD 2017/11/13.


Market and price is flat. Based off of smaller time frame charts, price is in a buying zone at MS1/1.3073 where bulls will take it up to 1.3265, price will come back down to 1.3228 where price goes back up to 1.33500.

Source: MT4


Market and price is flat. After price has made a lower low, i think GBP bulls could carry the price from WS1/1.3094 up to WR1/1.3265 where bears will try sell, Bulls will enter the market again at support and head up towards 1.33500, where profit taking will happen.

Source: MT4

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.