Minor (Daily)
Great Britain Pound vs US Dollar
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GBP/USD does not want to be determined with the development of its upward movement and remains in a fairly wide range:
-> the lower limit of the channel 1/2 Median Line (the resistance level of 1.3160) of the operating-scale forks Minute;
-> reaction line RL23.6 (support level 1.3160) pitchfork of the operational scale of the Minor; accordingly, the direction of breakdown of this range and will determine what further, in July 2018, will begin to flow with the development of the movement of this currency instrument.
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The prospect of a downward movement (sell)
The breakdown of the support level 1.3160 (reaction line RL23.6 forks of operating scale Minor), with subsequent breakdown of levels -> 1.3090 (upper border of the channel 1/2ML Minor) <-> 1.3048 (local low) <-> 1.3000 (control line LTL fork operational scale Minute) -> the option of continuing the movement of GBP/USD in the channel borders 1/2 Median Line (1.3090 <-> 1.2700 <-> 1.2330) the forks of operating scale Minor.
See chart for the details.
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buy)
Break of the resistance level 1.3370 -> the development of the GBP/USD movement will arise within the boundaries of the channel 1/2 Median Line (1.3370 <-> 1.3470 <-> 1.3570) and equilibrium zone (1.3570 <-> 1.3720 <-> 1.3870) trading recommendations.
The details are shown in the graph.
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The review is made without taking into account the news background and is not a guide to action (placing orders "sell" or "buy").