Technical analysis of GBP/USD 09/27/2018

GBP/USD currency pair continues to move within the ascending channel on the 4H timeframe. At this point, one should expect a price rebound from the bottom of the uplink at 1.3070 with further quotes growth above 1.3300.

In favor of GBP/USD growth will be the test of the support area on the RSI indicator, and the test of the lower border of the ascending channel coinciding with the MA 100. The cancellation of the quotes growth will be a breakdown at the level of 1.3030, what indicates the breakdown of the support area and the price goes out from the channel.


Created by Joshua Hayn

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