AutoChartist Report Forex (Eur) 15.10.2018
The GBP/USD pair bounced from its support zone a 30 minute time frame as predicted. This support zone was given in our analysis on 28th of August. However, the price is trading below the downward trend line and broken this line only for a brief moment before the bears have pushed the price back down again. Moreover, the GBP/USD is also trading below the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirm that the bears in full control.
The RSI is 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
1.5441-1.5417 Minor
1.5241-1.5205 Major
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