GBP USD, “Great Britain Pound vs US Dollar”
As we can see at the H4 chart, the GBP/USD has lest the sales area and right now is trading below the resistance at the 8/8 level at 1.3181. Later, the price is expected to continue falling towards the 5/8 one at 1.3000.
The lines at the H4 and H1 charts are completely the same. The price is also expected to move downwards to reach the 5/8 level at 1.3000.
At the M15 chart, the price has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling.
GBP JPY, “Great Britain Pound vs Japanese Yen”
At the H4 chart, the GBP/JPY pair is trading close to the resistance at the 3/8 level at 142.96. If the price rebounds from this level, it may fall towards the support at the 0/8 one at 140.62. Otherwise, the instrument will continue growing to reach the 5/8 level at 144.53.
As we can see at the H1 chart, the price has broken the 5/8 level at 142.57 and may continue falling to reach 140.62. If the pair breaks the 6/8 level at 142.96, the instrument may continue growing towards 144.53.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.