AutoChartist Rapport Forex (Eur) 15.10.2018
The GBP/USD is trading in an upward channel on a 30 minute time frame. The pair is also trading above the 50 day (shown in green) but below 100 day (shown in yellow) moving averages which confirm that the bulls are still in control. If the price breaks the 100 day moving average towards the upside, this could be another bullish sign. The volatility for the pair remains low as the price is trading within the Bollinger band.
The RSI & CCI are trading in line with the price action which confirms that the bias could be still to the upside.
Important Zones
Resistance Zone
1.5880-1.5834 Major
1.5749- 1.5717 Minor
Support Zone
1.5462-1.5425 Minor
1.5241-1.5205 Major
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