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Forex

22 august, 09:40
GBP. Forex technical analysis

gbp

 The current rate bargains the second week within the limits of a price range 1.8530 - 1.8715. Histogram MACD is in a positive zone and specifies in possible growth of the British pound.

 At present in the market strengthening of the bull moods is observed. Quotations have closely come nearer resistance level 1.8700/20 which breakdown can open a way to bulls to levels 1.8760 and 1.8840. More distant possible purposes 1.9000/10 and 1.9050.

 Resistance levels: 1.8700, 1.8740, 1.8760, 1.8780, 1.8800, 1.8840, 1.8860, 1.8900

 Current price: 1.8699

 Support levels: 1.8670 1.8650/40, 1.8610/00, 1.8570 1.8550/40, 1.8530, 1.8500

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