Minute (h4)

Great Britain Pound vs US Dollar

Previous review of 08/06/2018 19:31 UTC + 3.

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The trend of the GBP / USD movement on August 10-24, 2018 will be determined by the direction of the breakdown of the range:

-> resistance level 1.2910 (warning line LWL61.8 forks operating scale Minute);

-> Support level 1.2838 (Minuette operational minimum SSL start-level minimum line)

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The outlook for the development of the upward movement (buy)

Breakout of the resistance level of 1.2910 warning line LWL61.8 operating-scale forks Minute -> development of the GBP / USD upward movement can be continued to the borders of the channel 1/2 Median Line (1.2945 <-> 1.2980 <-> 1.3015) and the equilibrium zone (1.3015 <- - > 1.3075 <-> 1.3125) operating Minuette forks with the prospect of achieving a local maximum of 1.3215.

The details are shown in the graph.

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The outlook for the development of the downward movement (sell)

Breakdown of support level 1.2838 (initial line of SSL forks of operational scale Minuette - local minimum) -> option of continuing the development of the downward movement of GBP / USD to targets -> LTL control line (1.2780) operating-scale forks Minute <-> warning lines of operating-scale forks Minuette < -> LWL38.2 (1.2760) <-> LWL61.8 (1.2705) <-> LWL100.0 (1.2625) <-> LWL161.8 (1.2495).

See the schedule for details.

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The review is made without taking into account the news background and is not a guide to action (placing orders "sell" or "buy").

ZUP and Andrews Pitchfork (terms, concepts, parameters).Materials for the study of the analysis of ZUP & APL`s.