AutoChartist Rapport Forex (Eur) 15.10.2018
The GBP/USD pair is falling from its resistance level on a 30 minute time frame. This resistance level was given in our analysis on 29th May. The price is trading above the 50 day (shown in green) and 100 day (shown in yellow) moving average which shows that the bulls have taken the control. Moreover, the price is also trading in an upward channel which further strengthens the above argument.
However, the RSI is trading in line with the price action which means bias could be to the downside.
Important Levels
Support Zone
1.4929-1.4907 Major
1.4852-1.4830 Major
Resistance Zone
1.5258-1.5236 Minor
1.5330-1.5303 Minor
1.5382-1.5365 Major
1.5471-1.5432 Major
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