GBPUSD Technical Analysis Report – 14-10-2018
Daily Chart (1.3151)
As per the daily chart, we can observe that the GBPUSD has bounced back from its major support and again started its upward journey from there on. We are expecting the currency pair to appreciate further from its current levels. The major and important resistance seems to be at 1.3197 and 1.3286 levels. Breakout of these resistances may drag the currency pair to 1.3959 levels and major support at 1.3098 and 1.3052 levels. Any breakouts of support or resistance levels are important as breakouts may trigger further movement in the same direction.
Major Support and Resistance:
Resistance: 1.3197, 1.3286, 1.3330, 1.3476, 1.3598, 1.3648, 1.3745, 1.3791, 1.3859
Support: 1.3098. 1.3052, 1.2997, 1.2867, 1.2708, 1.2337, 1.2151, 1.1959
Major Support and Resistance:
Resistance: 1.3197, 1.3286, 1.3330, 1.3476, 1.3598, 1.3648, 1.3745, 1.3791, 1.3859
Support: 1.3098. 1.3052, 1.2997, 1.2867, 1.2708, 1.2337, 1.2151, 1.1959