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GBPUSD






10/4/2017 1:18:38 AM

GBPUSD - Technical Analysis: Wednesday, 04/10/2017 05:18 GMT



The GBPUSD pair rebound to the downside after testing the ascending channel's resistance pushes the price towards potential visit to this channel's support, and the main target is located at 1.2950, noting that RSI shows positive signals that might push the price to attempt to recover on the intraday basis.

Overall, we expect the continuation of the negative pressure domination unless surpassing 1.3345 level and settling above it.


Target
Risk


Support
Resistance


Trend Bearish

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