Minute (h4)
Great Britain Pound vs US Dollar
Previous Review from 10/22/2018 12:15 UTC + 3.
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The direction of breaking through the borders of the equilibrium zone (1.2840 <-> 1.2900 <-> 1.2950). The Fork operational Minuette scale will determine the trend for the future development of the GBP / USD currency instrument in the between 24th and 31st of October 2018.
Marking of options within the zone of equilibrium Fork operational Minuette scale presented on animated graphics.
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Development perspective of the upward movement (buy)
The breakdown of the resistance level of 1.2950 (upper limit of the ISL 38.2 zone of the balance of the pitchfork of the Minuette operating scale) -> development of the upward movement of GBP / USD to the channel boundaries 1/2 Median Line of the pitchfork of the operating scales -> Minute ( 1.2990 <-> 1.3060 <-> 1.3135 ) and Minuette ( 1.3015 <-> 1.3060 <-> 1.3100 ).
Details are shown in animated graphics.
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Development perspective of the downward movement (sell)
The breakdown of the support level 1.2840 (lower limit ISL 61.8 of the balance zone of the operational forks Minuette scale ) -> continuation of the development of the GBP/USD downward movement to the final Shiff Line Minute ( 1.2770 ) and the limits of the balance zone ( 1.2755 <-> 1.2645 <-> 1.2540 ) Pitchfork operational scale Minute. Details look at the animated graphics.
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The review was compiled without regard to the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing orders "sell" or "buy").
ZUP and Andrews Pitchfork (terms, concepts, parameters).
Materials for the study of analysis ZUP & APL`s.
The material has been provided by InstaForex Company - www.instaforex.com