AutoChartist Report Forex (Eur) 15.10.2018
The GBP/USD pair has broken its resistance zone on a 30 minute time frame as predicted yesterday. The pair is trading above the 50 day (shown in green) and the 100day (shown in yellow) moving averages which confirm that the bulls are still in strong control. Moreover, the price is trading above the upward trend line and has not violated this trend yet which further strengthens the above argument.
However, the RSI is showing a clear and strong sign of deflection which means that the bias could be towards the downside.
Important Levels
Resistance Zones
1.5678-1.5637 Major
1.5528-1.5481 Major
1.5304-1.5271 Minor (Not Valid broken)
Support Zone
1.5080-1.5044 Minor
1.4907-1.4874 Major
1.4683-1.4639 Minor
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