empty
 
 
06.03.2019 08:41 AM
GBP/USD technical analysis for 06/03/2019

Technical market overview:

The GBP/USD pair has hit the technical support zone located between the levels of 1.3100 - 1.3108 in oversold market conditions and despite the weak and negative momentum. The bears have full control over the market as the price is still trading below the trendline (marked in orange) and all of the bounces are shallow (less than 85 pips). In this situation, the bears will continue the move down with occasional upward corrections. The fact, that there is no price or candlestick pattern that would indicate the downtrend reversal support the negative short-term outlook for this pair.

Weekly Pivot Points:

WR3 - 1.3631

WR2 - 1.3485

WR1 - 1.3333

Weekly Pivot - 1.3193

WS1 - 1.3047

WS2 - 1.2894

WS3 - 1.2742

Trading Recommendations:

The second target level for sell orders for daytraders has been hit at 1.3100, so now some kind of a local pull-back is expected. Due to the fact that the trend is still down, only sell orders should be opened on the upwards corrections.

This image is no longer relevant

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback