AutoChartist Forex-Bericht (Eur) 15.10.2018
Focus: the resistance at 1.6051 remain in focus as a major obstacle and the pair needs to break this resistance to confirm further upward trend. The immediate support is near the 1.5891 zone.
Strategy in Play:
The GBP/USD is trading in a symmetrical triangle on a 30 minute time frame. If the price breaks this pattern to the upside, we could see the price near the 1.6069 level. Moreover, the price is trading above the 50 day (shown in green) and the 100 day (shown in yellow) moving average which confirms that the bulls are in strong control.
The RSI is trading in-line with the price action which means that the bias could be to the upside.
Important Zones
Resistance Zone
1.6349-1.6297 Major
1.6175-1.6143 Minor
Support Zone
1.59.13-15891 Minor
1.5799-1.5769 Major
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