FX.co ★ Technical analysis and trading recommendations for the GBP/USD currency pair as of October 9, 2017

On the four-hour chart, it can be observed in the active downward movement shows that the price was very close to the psychological level of 1.3000. Currently, it can be observed how the quotation found in the support under the area itself is returning to the buyers' market. Probably, the long-awaited correction can be assumed to form and where the "bulls" will try to return the quotation to the values towards 1.3160 - 1.3250.

Key Levels

Resistance zones are 1.3160 * 1.3250; 1.3400; 1.3600.

Support zones are 1,300; 1.2770.

* Periodic level

Signal

- It is recommended to buy the pair at a price higher than 1.3130, with the prospect of moving towards 1.3160 -1.3250.

Draw your attention: Predictions are not a direct guide to action!

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