The British pound demonstrated a decline mainly due to technical factors on Friday; the price could not fix under the Krusenshtern trend line and fell to the trend line support (H4). The large-scale purchases from October 1, 2, and 4 are concentrated in the range of 1.6120 – 1.6160. Today it is a holiday in the USA and there will be hardly a considerable breakdown. Technically, 1.6187 level halves descending branch of September 21 – October 3 (it is ticked off) and the price fixation under it will be considered as the continuation of growth. The price will be above the Krusenshtern trend line (blue sliding) and the signal to buy will be formed. Taking into consideration this scenario the growth targets will be as follows: 1.6250, 1.6272, and 1.6309. The next targets are 1.6134, 1.6150, and then fixation above 1.6160.
Юрий Зайцев участвует в конкурсе "Аналитик года", проголосуйте за него, если вам понравилась данная статья.