Technical analysis

18 October 2021

19:06 GBP/USD retreated slightly from the monthly high

Today, the GBP/USD pair is trading with a decline from $1.3765 to $1.3715, circling from the monthly maximum ($1.3775) reached on Friday. On the hourly chart, the pair fixed above the moving average line MA (200) H1 ($1.3650) and on the four-hour chart - slightly above MA (200) H4 ($1.3695). In this situation, a scenario of further growth of the GBP/USD pair is likely after the correction ends.


Resistance levels are: $1.3810, $1.3855, $1.3915

Support levels are: $1.3665, $1.3625, $1.3570

The main scenario for the pair's promotion — growth to $1.3775 (October 15 high) and then maybe to $1.3810 (September 17 high)

An alternative scenario — the pair may decline to $1.3640-65 (October 15 low, MA (200) H1)


18 October 2021, 18:53

EUR/USD remains above MA (200) H1

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