empty
 
 
30.09.2024 05:09 AM
Forecast for GBP/USD on September 30, 2024

Currently, two scenarios are being considered for the pound: an immediate rise to the magnetic point of 1.3455 (the intersection of the upper boundary of the ascending wedge and the embedded price channel line) or after an initial decline to the 1.3300 support. Overcoming this resistance will allow the price to reach the target of 1.3525.

This image is no longer relevant

Further growth may continue up to 1.3635 or close to it, with the embedded green price channel line being worked out. The signal line of the Marlin oscillator fits within the wedge, which significantly weakens the pressure of divergence. The lower boundary of the wedge indicates that the price is unlikely to drop below the 1.3300 level.

This image is no longer relevant

On the four-hour chart, the price is undergoing minor consolidation above the 1.3360 level. The MACD line reinforces the 1.3300 level. The Marlin oscillator is in negative territory, but this bearish sign is muted by its sideways (neutral) movement.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback