Tuesday 14 Aug 2018

GBP/USD Technical Analysis

By TradeAcumen · August 2, 2018 · Comments Off
GBP/USD ·

Summary Target Level1.3001
Target Period4 hours
Stop Level1.3033 Analysis

Possible bearish price movement towards the support 1.3001 within the next 4 hours.

Supporting IndicatorsDownward sloping Moving Average Resistance Levels(B) 1.3033 4 hours high volatility level
Support Levels(A) 1.3001 4 hours low volatility level

Chart Date Range31-Jul-12:00 GMT->02-Aug-22:00 GMT
Data Interval
RSI34 Candles
MA34 Candles

GBP/USD

Risk WarningSite visitors hereby acknowledge that: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

GBP/USD Technical Analysis

DAX Elliott Wave Analysis: Bounce Can be Temporary

Launching Long Term Position Trading In Forex by Abe Cofnas

Currencies, Commodities and Intermarkets By Abe Cofnas

Currency Pairs – Key Characteristics By Abe Cofnas

Types of Charts and How They Are Constructed by Abe Cofnas

DAX Elliott Wave Analysis: Bounce Can be Temporary

OIL Elliott Wave Analysis: Extending to the Downside

GBPUSD Elliott Wave Analysis: Right Side Calling Lower

Dow Futures (YM_F) Elliott Wave View: Reacting Higher From Blue box

NASDAQ Elliott Wave Analysis: Ready To Rally Higher?